Elliott wave Bitcoin analysis 31.01.2023

The ascending wave [5] is unfolding as the impulse (1)-(2)-(3)-(4)-(5). Corrective wave (4) has taken the shape of a double three W-X-Y. Soon the price will rise in the final wave (5) towards the high of 24040.00, marked by impulse wave (3). Then expect the market reversal and the unfolding of a linking wave (X) as shown in the chart.

Trading plan for BTCUSD today:

Buy 22845.96,
Take profit: 24040.00.

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