Elliott wave Bitcoin analysis 14.11.2023

The BTCUSD market has completed the horizontal correction (4). Wave (4) took the shape of a contracting triangle A-B-C-D-E. Then wave (5) began unfolding as a 1-2-3-4-5 impulse. Soon expect a price rise to 38900.00, where sub-wave (5) will be 76.4% of the previous impulse wave (3). 

Trading plan for BTCUSD today:

Buy 36608.65,

Take profit: 38900.00.




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