Elliott wave Bitcoin analysis 02.11.2022

The BTCUSD market is building the initial part of a double zigzag, that is, the wave (W). It may soon unfold as a standard A-B-C zigzag. Impulse A and correction B are complete, while impulse C is unfolding. Sub-waves [1]-[2]-[3]-[4] were formed within impulse C. Thus, shortly expect the price to rise within the final sub-wave [5] towards the level of 22845.00.

Trading plan for BTCUSD today:

Buy 20525.22,

Take profit: 22845.00

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