Elliott wave Bitcoin analysis 16.02.2023

BTC price skyrocketed. The construction of the actionary wave (W) continues. Now the final sub-wave [5] is unfolding. It is expected to end around 25142.00. At this level, impulse [5] will be 50% of impulse [3]. Shortly expect a small correction (4). After that, the price will rise in wave (5) to the specified level, and then a new downtrend will unfold.

Trading plan for BTCUSD today:

Buy 24642.45,

Take profit: 25142.00.

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