Elliott wave Bitcoin analysis 06.02.2023

Now the final part of the first wave (W) of the double zigzag (W)-(X)-(Y) is unfolding. Wave (W) will soon be completed as a standard A-B-C zigzag. Now a bullish impulse wave C, or rather its sub-wave [5], is under construction. The side correction wave (4) within the impulse sub-wave [5] has been completed as double three W-X-Y. Shortly, expect the price to rise in the last sub-wave (5) to the level of 24500.00.

Trading plan for BTCUSD today:

Buy 22677.41,

Take profit: 24500.00.

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