Elliott wave Bitcoin analysis 14.03.2023

The price continued to rise, so Bitcoin is likely to continue the formation of a large actionary wave (W). The most recent BTCUSD chart section displays the formation of impulse wave [5] within impulse C. Correction (4) and impulse (5) are required to complete the wave [5]. They are expected to end at the level of 26053.00, where wave [5] will be 76.4% of impulse [3].

Trading plan for BTCUSD today:

Buy 24421.50,
Take profit: 26053.00.

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