Elliott wave Bitcoin analysis 24.10.2022

The BTCUSD hourly chart displays a new corrective pattern unfolding as a zigzag A-B-C, which started after the completion of the large linking wave [X]. The upward impulse wave A must have completed at a level of 19953.00. Next, the price was corrected down in the bearish wave B. The Bitcoin price should be rising in the new impulse wave to a level above the high of 19953.00.

Trading plan for BTCUSD today:

Buy 19379.00,

Take profit: 19953.00.

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