Elliott wave Bitcoin analysis

10 feb 2022

The Bitcoin market is forming the linking wave X, the middle leg of the global double zigzag W-X-Y. The first motive wave W has completed as a simple zigzag [A]-[B]-[C]. The linking wave X is developing as a double zigzag [W]-[X]-[Y]. The final motive wave [Y] of the pattern is also unfolding as a double zigzag (W)-(X)-(Y). The [Y] wave should end at a level of 46600.00.

Trading plan for BTCUSD today:
Buy 43751.50, Take profit: 46600.00.