Elliott wave Bitcoin analysis 26.08.2022

The BTCUSD market continues forming the bearish corrective pattern as a double zigzag (W)-(X)-(Y). The first motive wave (W) has completed, and the linking wave (X) is unfolding as an upward zigzag A-B-C. The final impulse wave C is currently unfolding within the zigzag, and the price could go up to a level of 23500.00, where wave (X) will be 61.8% of sub-wave (W).

Trading plan for BTCUSD today:

Buy 21530.00,

Take profit: 23500.00.

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