Elliott wave Bitcoin analysis

4 feb 2022

The BTCUSD market continues rising in the linking wave X unfolding as a double zigzag [W]-[X]-[Y]. There is developing the final upward sub-wave [Y] as a double zigzag (W)-(X)-(Y). The linking down wave (X) must have completed, so the market is rising in the final motive wave (Y). The Bitcoin price should be moving up to a level of 39350.00, where wave [Y] will be 61.8% of wave [W].

Trading plan for BTCUSD today:
Buy 37289.50, Take profit: 39350.00.