I wanted to post a close up of the Large Triangle formation I posted a few days ago for BTC. The white ABC count is my primary because Triangles contain 3 waves (ABC) for each wave of the ABCDE Triangle. If the alternate count plays out in yellow, then it would be more bullish because it's an impulse instead of a corrective wave count. If it's an impulse, this means we would still have a scary pullback and everyone would think we are going to break the last swing low, but then wave 3 of a larger trend would thrust us through the long standing downtrend line that failed last month
This will be an interesting next few days
This will be an interesting next few days
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.