A downtrend developing in the BTCUSD chart suggests a double zigzag [W]-[X]-[Y]. Once the bearish wave [W] was completed as a simple zigzag, the price started growing in the linking wave [X]. This wave will likely form as a simple zigzag (A)-(B)-(C), too. Impulse (A) and correction (B) finished forming, and the price is expected to rise in subwave (C) to 43376.00 in the near time. The size of wave [X] will be 50% of wave [W] at that level.
Trading plan for BTCUSD for today:
Buy 40452.50,
Take profit: 43376.00.
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