Elliott wave Bitcoin analysis 28.12.2022

The BTCUSD market is building the last downward wave C as part of a large bearish zigzag A-B-C. Wave C is unfolding as the impulse [1]-[2]-[3]-[4]-[5]. Long-term correction [4] has been completed as a double three (W)-(X)-(Y). Now the final sub-wave [5] is unfolding. It is expected to end around 14700.00. At this level, wave C will be 61.8% of wave A.

Trading plan for BTCUSD today:

Sell 16683.58,

Take profit: 14700.00.

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