Elliott wave Bitcoin analysis 28.07.2022

As the Bitcoin price continues moving up, the previous layout has been corrected. The market may still be forming corrective wave 4 as a triple zigzag. The final motive wave Z could finish as a double zigzag (W)-(X)-(Y). Sub-wave (W) is a double zigzag, the linking wave (X) is a triple zigzag, and the final wave (Y) could finish as a standard zigzag at a level of 24296.90, marked by sub-wave (W), as outlined in the chart. Next, the market will turn down and start falling.

Trading plan for BTCUSD today:

Buy 23054.00,

Take profit: 24296.90.

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