Elliott wave Bitcoin analysis 22.03.2023

The most recent BTCUSD chart section displays the formation of an upward impulse wave [5], consisting of sub-waves (1)-(2)-(3)-(4)-(5). Sub-wave (5) is currently unfolding. Its lateral correction 4 could have ended. Now sub-wave 5 is under construction. The bullish trend is expected to end at the level of 28600.00. At this level, wave 5 of (A) will be equal to the previous impulse (3). Then expect a decline in correction (B).

Trading plan for BTCUSD today:

Buy 28244.62,

Take profit: 28600.00.

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