Elliott wave Bitcoin analysis

15 בפבר׳ 2022

The BTCUSD is forming the descending double zigzag W-X-Y, with the linking wave X completed inside as a double combination [W]-[X]-[Y]. There is forming the initial part of the impulse. The first sub-wave (1) has completed as a leading diagonal, and the upward correction (2) is to finish soon. Correction (2) could end at a level of 44173.00, where it will retrace impulse (1) by 61.8%.

Trading plan for BTCUSD today:
Buy 43479.50, Take profit: 44173.00.