Elliott Wave Analysis: Triangle On BTCUSD Looking Higher

Bitcoin is showing us a triangle consolidation within wave (4), that can be trading near completion. As we can see all of the five sub-waves needed for a completed triangle correction have already unfolded, which means more upside can follow in the next couple of trading sessions. A five wave minor rally and a breach above the waves d and b swing high would confirm a red wave (5) in progress.

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