Elliott wave Bitcoin analysis 22.02.2023

Bitcoin continues to form an actionary wave (W), consisting of three main sub-waves A-B-C. Finally, it will be completed as a zigzag. The last sub-wave C will take the shape of the impulse [1]-[2]-[3]-[4]-[5]. To complete it, the last sub-wave [5] is required. Lateral correction (4) has been completed as a double zigzag W-X-Y. Shortly expect growth in impulse (5) towards the level of 25971.00. At the indicated level, wave [5] will be 61.8% of sub-wave [3].

Trading plan for BTCUSD today:

Buy 24095.68,

Take profit: 25971.00.

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