Bitcoin

Triangle forming in wave 4 consuming time before 5th up begins

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I initially though BTCUSD is doing WXY (red counts) correction in wave 4 since W and X were 3-3. But the supposedly Y is shorter than W and X, and the whole pattern is emerging as contracting triangle which makes me think that we are actually doing a ABCDE (green counts) triangle in 4th. So it may not be deep but time consuming. ABC seem to be done and we are in D now so just a matter of time ...

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