Scenario 2: Expanding Triangle Elliott Wave General knowledge for Expanding Triangle Elliott Wave: • A triangle is a sideways movement that is associated with decreasing volume and volatility. • Triangles have 5 sides and each side is subdivided in 3 waves hence forming 3-3-3-3-3 structure. • There are 4 types of triangles in Elliott Wave Theory: Ascending, descending, contracting, and expanding • In this case for BTC we can expect expanding
Note
As you see, BTC follow my second Senriao which I posted about 100 days ago!
We should w8 to see does BTC respect this Senario or not (until now it does).
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