Bitcoin is Ready for Correction==>>Short term!!!

7. Nov.

Bitcoin(BTCUSDT) is moving in an ascending channel in the 15-minute time frame, and we can also see another ascending channel in the 1-hour time frame.

Currently, Bitcoin is moving near the upper line of the ascending channel(Big) and Potential Reversal Zone(PRZ)[$76,900-$76,430].

According to Elliott's wave theory, Bitcoin seems to be completing the main wave 5.

I expect Bitcoin to decline to at least the Support zone($75,400-$75,000) and the lower line of the ascending channel(Small) after the completion of the main wave 5.

Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.

🔔Be sure to follow the updated ideas.🔔

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.

Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.

8. Nov.

Trade ist aktiv

PRZ worked very well

And Trade was activated.

8. Nov.

Trade geschlossen: Ziel wurde erreicht

I closed Bitcoin Short Position, and I think we will see another ATH soon.