Elliott wave Bitcoin analysis 09.12.2022

Bitcoin continues to form a complex corrective wave B, which consists of three main sub-waves [W]-[X]-[Y]. Sub-waves [W]-[X] are completed, while the last sub-wave [Y] is still under construction. Wave [Y] will be completed as a double zigzag (W)-(X)-(Y), where the last leg (Y) also looks like a double zigzag W-X-Y. Growth within sub-wave (Y) will reach the level of 18010.00. At this level, wave [Y] will be 100% of wave [W].

Trading plan for BTCUSD today:

Buy 17196.50,

Take profit: 18010.00

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