Elliott wave Bitcoin analysis
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
Trading plan for BTCUSD today:
Buy 48961.50, TP 51944.57
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