BCHUSD still good opportunity but sth fishy

I had to let go BCHUSD in previous cycle as it clearly truncated while I was waiting lower.
However, this is the only crypto I did not jump in over the weekend as I don't like equal leg area overlapping with invalidation levels...

However, believers would have jumped in at 100% extension and would be fine for now.

Will keep an eye on this one and keep you posted.


Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 13/05/2018-19/05/2018, I propose BTCUSD

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Ordre annulé:

Did I say it was fishy? this count is not valid anymore and I suspect FLAT from 24/04/2018 high (end of cycle from the lows as originally proposed.
If motive 5 waves to the downside (3rd leg of the FLAT) or zigzag from the highs, I prefer to stay sidelined in the 1h for now and see the development
BTCUSD and other altcoins also broke their invalidation levels in the 1h ...

Commentaire:

there you go!