Bitcoin/USD - Expanding triangle between demand and supply zones

Updated

Increases are the main cause of declines and vice versa. Beware of supply and demand zones.

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One last breath soon

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I see 2 possibilities now that's way there are 2 green arrows.

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So we bounced a bit earlier:

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If we would rise above violet line then scenario will be in dangerous:

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Another target from above chart - reached ;)

Trade active

First wave done.

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I see two possibilities now:

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(I know I shouldnt draw ABCDE like that in this place but sometimes Elliot's theory falls and we have triangles, thats all)

Trade closed: target reached

Demand zone reached :)

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