Elliott wave Bitcoin analysis 18.04.2023

Horizontal correction [4] has been completed as a contracting triangle inside impulse 5 of (A). Then the price rose in the sub-wave [5], which is similar to the impulse (1)-(2)-(3)-(4)-(5). Corrective wave (4) has been completed as a double zigzag W-X-Y. Soon, the price will rise in the final sub-wave (5) toward the high of wave (3), that is, to 31108.13. At this level, the wave [5] will be 38.2% of the impulse [3].

Trading plan for BTCUSD today:

Buy 29574.63,

Take profit: 31108.13.

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