Bitcoin Analyze (Short Term, 15-minute Time Frame,01/24/2023)!!!

Bitcoin seems to be forming a double three correction(WXY) pattern in the 15-minute time frame.

The main wave X ended with an ending diagonal pattern, and Bitcoin is completing the main wave Y (of course, the main wave X can include various combinations of corrective waves).

Another thing I can say about the theory of Elliott waves is that when the main wave W has a zigzag structure, it is less likely that the Y wave will be a zigzag pattern, so for the main wave Y, I expect more flat and even triangle corrections.

I tried to show you the end of main wave Y in my chart (PRZ(Price Reversal Zone)).

If you want to know more about the higher time frames of Bitcoin, I recommend you to read the previous post and the following post about Bitcoin.👇

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

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

Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.

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

Trade closed: target reached

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Daily Time frame.

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Weekly Timeframe