Elliott wave Bitcoin analysis 14.12.2022

The BTCUSD market continues to form corrective wave B, namely its final actionary wave [Y]. Wave [Y] will take the shape of double zigzag (W)-(X)-(Y). Sub-wave (Y) also serves as double zigzag W-X-Y. Soon the price is expected to rise in the final sub-wave Y to the high of 18120.00, marked by the actionary wave [W]. After that, a new bearish trend may appear.

Trading plan for BTCUSD today:

Buy 17767.11,

Take profit: 18120.00.

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