Elliott wave Bitcoin analysis 17.02.2023

The market develops an actionary wave (W), more precisely, its last impulse wave C. Now the final sub-wave [5] is unfolding. It is expected to end around the level of 25142.00. At this level, impulse [5] will be 50% of impulse [3]. Correction (4) has been completed. Now the price is preparing to rise in wave (5) to the specified level. Then a new downtrend will start unfolding.

Trading plan for BTCUSD today:

Buy 23799.52,

Take profit: 25142.00.

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