Elliott Wave analysis for Bitcoin

Dec 24, 2021

The crypto pair BTCUSD is correcting in wave [B]. This wave may finally be shaped like a double three (W)-(X)-(Y). Sub-wave (Y), whose structure may be simple, is required to complete that corrective pattern. The first impulse wave A is nearing completion as part of the wave (Y) and consists of sub-waves [1]-[2]-[3]-[4]-[5]. It is expected to end near the level of 51945.00. The chart shows an approximate pattern of an eventual future movement.

Trading plan for BTCUSD for today:
Buy 50969.00, TP 51945.00