SUMMARY
Bitcoin Cash (BCH) has two potentials: An Ascending Right Triangle as shown below with a,b,c,d,e and an impulse to $3,177.
The other count is a complex correction the befits the "Hurry Up & Wait" syndrome. Thus the correction could be more complex in a wxyxz format. This means, given the extended 5th wave, the retrace could be deeper. Extended Fifteh waves often should sound the alarm for deep corrections. Once c wave is complete, an impulse should take price towards $2,300. Differnt path but same destination.
The BCH/BTC pair is almost complete with it's a,b,c correction whic was also very deep given how extended the 5th was was. I've labeled the subwaves of wave c. An impulse would show the reversal from down to up.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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