Elliott wave Bitcoin analysis 17.11.2022

Bitcoin market continues to form a corrective wave B, which serves as the middle part of a potential three-wave A-B-C zigzag. Wave B is unfolding as a double zigzag [W]-[X]-[Y]. The last two sub-waves [X] and [Y] look like double zigzags (W)-(X)-(Y) of a smaller wave degree. To complete the last sub-wave [Y], an ascending actionary sub-wave (Y) is needed. It is expected to end around level 18144.00.

Trading plan for BTCUSD today:

Buy 16669.00,

Take profit: 18144.00.

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