Bitcoin is Ready for Correction==>>Short term!!!
2024-11-08

Bitcoin ( BINANCE: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) .

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⏰.

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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.

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