Elliott wave Bitcoin analysis 29.07.2022

The BTCUSD market continues forming corrective wave 4 as a triple zigzag. The final motive wave [Z] could end 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 sub-wave (Y) could finish as a standard zigzag at a level of 24296.90, marked by sub-wave (W), as outlined in the chart.

Trading plan for BTCUSD today:


Take profit: 24296.90.

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