๐ Market Analysis Update: Bitcoin Expanding Triangle ๐
๐ Monthly Charts Insights:
- An expanding triangle began forming off this year's high.
- Recent significant sell-off in Bitcoin supports this scenario.
๐ Weekly Chart Analysis:
- Forced monthly count onto weekly charts with a blue-dashed forecast.
- Accurate analysis involves using higher time frame wave structures to guide lower time frames.
๐ Wave Structure Analysis:
- Monthly wave structure suggests an expanding triangle is unfolding.
- Forcing this idea onto weekly charts indicates an expanding triangle (with Neowave reverse alternation) is forming off this year's high.
โณ What to Expect:
- Anticipate much more downside action in late summer.
Stay informed and stay ahead! ๐๐ก
