Elliott wave Bitcoin analysis 28.11.2022

The BTCUSD market continues forming a horizontal corrective wave B, within which sub-waves [W]-[X] have been completed. The last sub-wave [Y] is still unfolding. Wave [Y] may end as a double zigzag (W)-(X)-(Y) near the level of 17425.70. At this level, wave [Y] will reach the 76.4% Fibonacci level of the first actionary wave [W].

Trading plan for BTCUSD today:

Buy 16191.14,

Take profit: 17425.70.

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