Elliott wave Bitcoin analysis 26.10.2022

The BTCUSD market is forming a bullish standard zigzag A-B-C, with impulse A and correction B completed inside. Correction B is a double zigzag [W]-[X]-[Y]. The final impulse C is currently unfolding, with subwave [3] developing inside. Wave [3] should finish at a level of 20850.98, where it will be 161.8% of wave [1].

Trading plan for BTCUSD today:

Buy 20191.00,

Take profit: 20850.98.

Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

Go to Register with LiteForex Platform

Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.