Technical analysis by DEFI-trader about Symbol BTC: Sell recommendation (12/15/2023)

In the dynamic world of crypto trading, understanding Elliott Wave Theory can unlock valuable insights. The flat-zigzag-triangle pattern, a trio of corrective structures, holds significance for traders navigating those markets.Flat Correction: These three-wave movements (A-B-C) exhibit sideways action, offering prime opportunities for traders. Wave C, extending past A's termination, signals potential shifts in the crypto trend.Zigzag Correction: Known for swift and impactful movements, zigzags (A-B-C) showcase rapid price swings. Watch for wave C, often surpassing the origin of wave A, indicating potent market momentum.Triangle Correction: Crypto volatility finds a different form in triangles, manifesting as five-wave structures with converging trendlines. Tightening price ranges hint at imminent breakouts.This is too early to be 100% but it is the pattern with the most pain; time pain! Follow for more!Trade still in play. Correction (triangle formation) will be confirmed once Altcoins experience a surge.