Elliott wave Bitcoin analysis 20.03.2024

The BTCUSD market must have completed the first two sub-waves [1]-[2] of the bullish impulse, and the price resumed rising in the third wave, with sub-waves (1)-(2)-(3) finished inside. Correction (4) is currently unfolding as a double zigzag W-X-Y. The motive wave W has completed as a zigzag, and the linking wave X should be driving the price to a level of 68698.52, where it will retrace wave W by 61.8%.

Trading plan for BTCUSD today:

Buy 61673.73,

Take profit: 68698.52.



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