Elliott wave Bitcoin analysis

Dec 21, 2021

The BTCUSD market is forming the corrective wave [B] as a double three (W)-(X)-(Y), as clear from the most recent section of the hourly chart. The motive wave (W) has completed as a double zigzag. The linking wave (X) must have also completed as a triple zigzag. Therefore, there is unfolding the beginning of the final motive wave (Y), whose the first leg, impulse A may complete at a level of 51944.57, marked by the (W) wave.

Trading plan for BTCUSD today:
Buy 48961.50, TP 51944.57