Elliott wave Bitcoin analysis 15.03.2023

BTCUSD continues to form a large actionary wave (W). The most recent chart section displays the formation of impulse wave [5], which is part of impulse C. Correction (4) and impulse (5) are required to complete the wave [5]. They are expected to end at level of 28030.40, where wave [5] will be equal to impulse [3]. An approximate trajectory of the Bitcoin future price movement is outlined in the chart.

Trading plan for BTCUSD today:

Buy 24823.77,
Take profit: 28030.40.

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