"Te espero" es una oración en el indicativo (e.g. "I wait for you outside the shop"), mientras que "te estoy esperando" es en el gerundio (e.g. "I am waiting for you to tell me about it"), pero básicamente significan lo mismo
@annexmoe Just to be clear, "estoy te esperando" isn't right. The te can come before estoy (te estoy esperando) or at the end of esperando (estoy esperándote) but not after estoy. "Estoy te esperando" sounds like Portuguese to me 😁
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