Elliott wave Bitcoin analysis 24.08.2022

The most recent chart section displays the descending linking wave [X], unfolding as a double zigzag (W)-(X)-(Y). The first motive zigzag-shaped wave (W) looks complete. The price is now rising in the linking wave (X) that could also be a standard zigzag A-B-C, with sub-waves A and B finished inside. The price should be going up in the C impulse to a level of 23500.00, where wave (X) will retrace the (W) wave by 61.8%.

Trading plan for BTCUSD today:

Buy 21319.00,

Take profit: 23500.00.

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