Elliott wave Bitcoin analysis 16.01.2023

The ascending actionary wave (W), which serves as the first part of a large double zigzag, is unfolding. Wave (W) will soon end as a standard A-B-C zigzag. The development of the impulsive wave [3] has come to an end within impulse C. Shortly, expect a small decline in the correction [4]. After that, the price will continue to grow within the sub-wave [5]. It is expected to end around the level of 22700.00.

Trading plan for BTCUSD today:

Buy 21140.57,
Take profit: 22700.00.

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