Paraman666

BTC - are we in the running triangle ?

Long
BITMEX:XBTUSD.P   Bitcoin
Running triangle is special type of triangle, where top of the wave "B" is above the beginning of the first wave. But all other things are same as for normal triangles and the most important rule is fulfilled - all the 5 waves (we have only 4 wave currently) must be 3-wavish. We also have really nice triangle developing on RSI.
Also triangles are always "B" or 4th waves and in this case, we should be in 4th wave, hence I think we will see only one last big move to the upside, somewhere to 80k (maybe to 100k) and then we will see major reversal and we should see some long lasting correction. But for now, we have to go step-by-step, this running triangle is just in development and nothing is confirmed.

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