Elliott wave Bitcoin analysis 25.11.2022

The BTCUSD market is building a horizontal correction B as a triangle. Sub-waves [A] and [B] have already been completed. Bullish wave [C] is currently unfolding. This wave will be completed as a double zigzag (W)-(X)-(Y). This requires the construction of the last actionary wave (Y). Wave (Y) is expected to end around level 17848.00. At this level, wave [C] will be 76.4% of wave [B].

Trading plan for BTCUSD today:

Buy 16368.80,

Take profit: 17484.00.

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