BCHUSD - Elliot wave count continued

12 de jun. de 2020

So i've gone back over the BCHUSD chart to see if can see any other variants of my first count i posted. Now for me it all depends on what the first green A wave is. If this is an impulse then we can have a move up to 800-900 region to complete a zigzag. If the green A wave is a 3 wave then we will need to see another leg lower around 80-100 in order for a flat to be a possibility as this would then have honoured the 90% retracement rule for a B wave of a flat before proceeding higher.