Elliott wave Bitcoin analysis 01.09.2022

The BTCUSD continues forming the descending zigzag (A)-(B)-(C), with the first impulse wave (A) completed inside. The bullish correction (B) should be currently unfolding as a double zigzag W-X-Y. The first motive wave W is developing as a zigzag [A]-[B]-[C], where correction [B] is a triangle. The entire wave (B) could complete at a level of 23022.00, where it will be 61.8% of impulse (A).

Trading plan for BTCUSD today:

Buy 20036.50,

Take profit: 23022.00..

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