Supposedly, Bitcoin started forming a corrective pattern, suggesting a double zigzag [W]-[X]-[Y], once a linking wave X was completed. The actionary wave [W] appears to have formed at a slightly lower level than expected. The price is now growing in an impulsive subwave (A), which is part of the linking wave [X]. The linking wave [X] may form as a simple zigzag (A)-(B)-(C), as shown in the chart. It may end developing at around 43376.00, where its size will be 50% of the actionary wave [W].
Trading plan for BTCUSD for today:
Buy 40666.00,
Take profit: 43376.00.
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