Elliott wave Bitcoin analysis 27.10.2022

The BTCUSD market continues forming an uptrend as a standard zigzag A-B-C, with impulse A and correction B completed inside. Correction B is a double zigzag [W]-[X]-[Y]. The final upward wave C is currently unfolding as an impulse [1]-[2]-[3]-[4]-[5]. Sub-wave [3] is currently forming; it should finish at a level of 21244.00, where wave [3] will be 200% of wave [1].

Trading plan for BTCUSD today:

Buy 20758.00,

Take profit: 21244.00

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