In summary: I have 3 scenarios from here: 🟢 Green one: Running flat (abc) - ends at 30K - goes to 120K - condition: not breaking 29K pivot 🔴 Red one: Expanding flat (abc) - ends 16K - goes to 120K - condition: breaking 29K pivot 🟡 yellow one: Triangle (abcde) - ends within 60K - 30K range - goes to 120K - condition: creating a range between last top and bottom
Which one do I support: the yellow one 🟡 ? Crypto market needs some time to recover from it's high prices (inflation) Wish you all happy trades :)
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