Elliott wave Bitcoin analysis 20.01.2023

The BTCUSD market is building the last impulse wave C, as part of a large actionary wave (W). Wave C consists of five major sub-waves [1]-[2]-[3]-[4]-[5], the first four parts of which have been completed. Shortly, expect bullish growth in the sub-wave [5]. Impulse C will be completed around 22700.00, where it will be 123.6% of the previous impulse wave A.

Trading plan for BTCUSD today:

Buy 20989.66,
Take profit: 22700.00.

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