Elliott wave Bitcoin analysis 10.11.2022

The most recent BTCUSD chart section displays the formation of a bearish wave (Y) which may complete a major double zigzag. Wave (Y) is unfolding as a standard A-B-C zigzag. The first impulse sub-wave A composed of sub-waves [1]-[2]-[3]-[4]-[5] is completed. Bullish correction B can take the shape of any corrective pattern. It will end at the level of 18473.00, where it will be 50% of impulse A.

Trading plan for BTCUSD today:

Buy 16612.50,

Take profit: 18473.00.

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