Elliott wave Bitcoin analysis 21.02.2023

The Bitcoin market is building an actionary wave (W) as a standard A-B-C zigzag. The last impulse wave C is unfolding. Within it, the first four parts, sub-waves [1]-[2]-[3]-[4], have been completed. The last impulse sub-wave [5] is under construction, within which the zigzag correction (4) has been completed. Now the price is growing in sub-wave (5) to the level of 25971.00, where the impulse [5] will be 61.8% of the impulse [3].

Trading plan for BTCUSD today:

Buy 24906.26,

Take profit: 25971.00.

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