Elliott wave Bitcoin analysis 30.11.2022

The BTCUSD market continues to form a horizontal correction B as a double three [W]-[X]-[Y]. The first two main sub-waves of this corrective pattern, waves [W]-[X], have been completed. Now the final actionary wave [Y] is unfolding as a double zigzag (W)-(X)-(Y). Soon the price will rise within sub-wave (Y) to the level of 17425.70. At this level, wave [Y] will be 76.4% of wave [W].

Trading plan for BTCUSD today:

Buy 16861.44,

Take profit: 17425.70.

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