What is an Expanded flat and its importance in BTC!!!
Expanded flat involve three waves (A), (B) and (C). These higher Degree A, B and C involves subwaves of ABC and ABC and 1-2-3-4-5 respectively.
Simple form of Expanded Flat :-
Why it matters to BTC NOW ?
It matters because Current BTC Price Action is looking suspiciously good for Bulls, However, just few hours ago we had very strong rejection from high.
Worrisome condition is IT IS EXTREMELY Impulsive in nature :-
BUT WHY it still matters right ?
Because of this:-
Price after 30k going up but Volume decreasing, that is divergence. Wave 4 has to be COMPARABLE to Wave 2 in TERMS OF TIME.
Thus this is AN INDICATION that We are in Wave (B) of EXPANDED FLAT and PRIMARY Wave 4 is not FINISHED.
So now what to do ? How to confirm this ?
This is your answer :-
and
This is the BIG picture we are looking at :-
Hopefully this was informative. IT IS IMPORTANT TO LOOK AT BOTH SIDES of coin.
Trade Safe, Stay Safe.
Simple form of Expanded Flat :-
Why it matters to BTC NOW ?
It matters because Current BTC Price Action is looking suspiciously good for Bulls, However, just few hours ago we had very strong rejection from high.
Worrisome condition is IT IS EXTREMELY Impulsive in nature :-
BUT WHY it still matters right ?
Because of this:-
Price after 30k going up but Volume decreasing, that is divergence. Wave 4 has to be COMPARABLE to Wave 2 in TERMS OF TIME.
Thus this is AN INDICATION that We are in Wave (B) of EXPANDED FLAT and PRIMARY Wave 4 is not FINISHED.
So now what to do ? How to confirm this ?
This is your answer :-
and
This is the BIG picture we are looking at :-
Hopefully this was informative. IT IS IMPORTANT TO LOOK AT BOTH SIDES of coin.
Trade Safe, Stay Safe.
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