Elliott wave Bitcoin analysis 02.01.2023

BTCUSD H1 timeframe displays the construction of wave [5] as the impulse (1)-(2)-(3)-(4)-(5). Corrective wave (4) took the horizontal shape of a double three W-X-Y. Soon the price will go up in the final wave (5) towards the high of 24040.00, marked by impulse wave (3). Then expect a reversal and unfolding of the linking wave (X) as shown in the chart.

Trading plan for BTCUSD today:

Buy 23143.51,

Take profit: 24040.00.

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