Elliott wave Bitcoin analysis 18.11.2022

The BTCUSD price is moving within corrective wave B, which serves as the middle part of a potential three-wave zigzag A-B-C. 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 degree. To complete the last sub-wave [Y], an ascending actionary sub-wave (Y) is needed. It is expected to end near the level of 18144.00.

Trading plan for BTCUSD today:

Buy 16896.77,

Take profit: 18144.00.

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