Elliott wave Bitcoin analysis

2 feb 2022

The BTCUSD market continues forming the bullish linking wave X as a double zigzag [W]-[X]-[Y]. The first two sub-waves of the pattern have completed. There should be developing the final wave [Y] as a double zigzag (W)-(X)-(Y) of a smaller degree. The market should be rising to a level of 41675.00, where waves [W] and [Y] will be equal.

Trading plan for BTCUSD today:
Buy 38359.58, Take profit: 41675.00.