The BTCUSD hourly chart displays the middle leg of the triangle pattern. The market must be forming a contracting triangle, with the upward wave [C] unfolding inside as a double zigzag (W)-(X)-(Y). The final motive (Y) is developing as a double zigzag of a smaller degree W-X-Y. The upside target could be level 45280.00, the previous high marked by sub-wave (W). After the indicated level is reached, the market will be falling in sub-wave [D].
Trading plan for BTCUSD today:
Take profit: 45280.00.