Elliott wave Bitcoin analysis 01.11.2022

The BTCUSD market is building the first actionary wave (W) of a potential double zigzag. Wave (W) may soon end as a standard zigzag A-B-C. There could be unfolding upward impulse wave C, within which the correction [4] recently ended. Therefore, shortly expect the price to rise within the sub-wave [5] towards the high of 22845.00.

Trading plan for BTCUSD today:

Buy 20520.50,

Take profit: 22845.00

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