The assumption that the primary wave β£ could take the form of a large was put forward as early as May 2021. Subwaves (A), (B) and (C) have been completed within the triangle, an ascending is expected within wave (D).
At the end of the triangle β£, a trading setup will open in a long-term long position. _______________________________________ β BCHUSD,πTF: 8h Fig.2
The first wave within the uptrend, marked β, took the form of a . This zigzag may be the first wave within the A of (D). I recommend waiting until the diagonal is fully formed, and then join the buyers at the end of the subsequent correction B. _______________________________________ β BCHUSD,πTF: 30min. Fig.3
Variant of counting waves within a thirty-minute chart. _______________________________________ _______________________________________ ββ Alternative count β BCHUSD Fig.4
The alternative is a bearish(X). In general, the count is consistent with the main scenario up to the top of the triangle (X), but it is worth remembering: in about 60% of cases, wave "B" of the narrowing triangle ends behind the beginning of wave A.