Elliott wave Bitcoin analysis  06.12.2022

The BTCUSD market is forming a sideways correction B as a double three [W]-[X]-[Y]. The first two parts of this zigzag are fully completed. Now the last sub-wave [Y] is unfolding. Judging by its internal structure, it will take the shape of a double zigzag (W)-(X)-(Y). To complete it, an actionary wave (Y) is needed. It is expected to end near the level of 18010.00. At this level, waves [W] and [Y] will be equal.

Trading plan for BTCUSD today:

Buy 16989.50,

Take profit: 18010.00.

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