Elliott wave Bitcoin analysis 18.01.2023

The last impulse wave C is currently under construction within the unfolding wave (W). Wave C consists of five major sub-waves [1]-[2]-[3]-[4]-[5]. The first four parts of this impulse have been completed. Soon, expect bullish growth in the sub-wave [5]. Impulse C will be complete around the level of 22700.00, where it will be 123.6% of the previous impulse wave A.

Trading plan for BTCUSD today:

Buy 21282.39,
Take profit: 22700.00.

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