Elliott wave Bitcoin analysis 22.11.2022

Bitcoin continues to form corrective wave B, which serves as the middle part of a potential three-wave zigzag A-B-C. Wave B will be completed as double zigzag [W]-[X]-[Y]. The linking wave [X] has been recently completed. Its internal structure is similar to the double zigzag (W)-(X)-(Y). Soon, expect the formation of the final actionary wave [Y]. It will be completed around the high of 18144.00.

Trading plan for BTCUSD today:

Buy 15780.00,

Take profit: 18144.00.

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