TA_Crypto

bch 5th wave

Long
BITFINEX:BCHUSD   None
Bch could still make a possible 5th wave.
Since the 3rd wave was a strong wave, it is likely to be followed with a 5th wave.
Following the rules of EW, The 4rd and first wave can't overlap.
So the stop-loss here is clear as is the target (around the top of the 3rd wave).
Breaking the orange correction trend would be the first indicator that a fifth wave could start.
This is very possible, though we have to watch what btc will do.
The wave count of btc isn't clear at this moment, though the parameters for this opportunity are.

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