Elliott wave Bitcoin analysis 13.01.2023

Bitcoin is forming a correction B as a zigzag [A]-[B]-[C]. The first two sub-waves [A] and [B] have been completed as an impulse and correction, respectively. Now the second part of the impulse [C] is unfolding. Correction (4) and impulse (5) are expected to unfold shortly. These sub-waves will end at the level of 19140.00, where impulse [C] will be 76.4% of impulse [A].

Trading plan for BTCUSD today:

Buy 18852.42,

Take profit: 19140.00.

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