Elliott wave Bitcoin analysis 12.1.2022

BTCUSD is forming a horizontal correction B as a double three [W]-[X]-[Y]. The first two main sub-waves [W]-[X] have been completed. Now the final actionary wave [Y] is unfolding as a double zigzag (W)-(X)-(Y). Shortly the price will rise within a 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 17132.41,

Take profit: 17425.70





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