Bitcoin Expanding Triangle Elliott Wave (Scenario 2)
See my first Scenario (
)
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
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
We should w8 to see does BTC respect this Senario or not (until now it does).
don't panic
It's not financial advise