Elliott wave Bitcoin analysis 27.01.2023

The last section of the BTCUSD chart shows the construction of a bullish wave as an impulse (1)-(2)-(3)-(4)-(5). Now the last sub-wave (5), which looks like a final diagonal, is unfolding. Shortly, the price in sub-wave (5) will rise to the level of 24040.00, where the impulse [5] will be 76.4% of the impulse [3]. The probability of achieving this ratio is high.

Trading plan for BTCUSD today:

Buy 23004.79,
Take profit: 24040.00.

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