Elliott wave Bitcoin analysis 25.10.2022

The BTCUSD is forming a zigzag A-B-C, with the down corrective wave B developing iside as a triple zigzag [W]-[X]-[Y]-[X]-[Z]. The first four subwaves of the zigzag must have completed, and the final zigzag-shaped wave [Z] will soon be concluded by the (C) impulse. The Bitcoin price should drop to a low of 18660.00.

Trading plan for BTCUSD today:

Sell 19311.50

Take profit: 18660.00

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