Elliott wave Bitcoin analysis

9 Şub 2022

The BTCUSD market is rising in the most recent chart section. After the motive wave W completed, the market has been forming the linking wave X as a double zigzag [W]-[X]-[Y]. The final wave [Y] of the zigzag is a double zigzag (W)-(X)-(Y). The market should continue forming the impulse wave C, which is an element of the motive wave (Y). The price could go up to a level of 46600.00.

Trading plan for BTCUSD today:
Buy 43266.50, Take profit: 46600.00.