Elliott wave Bitcoin analysis 18.07.2022

The BTCUSD market is forming the motive wave W as a standard zigzag [A]-[B]-[C], with the final impulse wave [C] unfolding inside. The first three sub-waves have completed in the [C] impulse, and correction 4 is currently developing as a triple three [W]-[X]-[Y]-[X]-[Z]. Correction 4 could end at a level of 22518.80, marked by the motive wave [Y].

Trading plan for BTCUSD today:

Buy 21731.50,

Take profit: 22518.80.







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