Elliott wave Bitcoin analysis 04.11.2022

The BTCUSD market is forming an actionary wave (W). It will take the shape of a standard A-B-C zigzag. Impulse wave A and bearish correction B have been completed as a double zigzag [W]-[X]-[Y]. Now the last upward wave C is currently unfolding as an impulse [1]-[2]-[3]-[4]-[5]. Correction [4], which is a double zigzag (W)-(X)-(Y) has ended. Therefore, shortly the market will rise in the sub-wave [5] towards the level of 22845.00.

Trading plan for BTCUSD today:

Buy 20309.50,

Take profit: 22845.00.

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