Elliott wave Bitcoin analysis 20.03.2023

The market develops the first part of a large potential zigzag (wave (A)) as an impulse. Within this impulse, sub-wave 5 is unfolding. It serves as the impulse of the smaller wave degree. Soon the price in sub-wave 5 will reach level 28600.00. At this level, wave 5 will be 100% Fibonacci level of the impulse 3.

Trading plan for BTCUSD today:

Buy 27660.42,
Take profit: 28600.00.

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