Elliott wave Bitcoin analysis 13.12.2022

The BTCUSD market is building 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 unfolding. Wave [Y] will take the shape of a double zigzag (W)-(X)-(Y), where the last leg (Y) also looks like a double zigzag W-X-Y. Growth within the sub-wave (Y) will reach the level of 18120.00. That is, wave [Y] is expected to end at the level marked by wave [W].

Trading plan for BTCUSD today:

Buy 17165.74,

Take profit: 18120.00.





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