Elliott wave Bitcoin analysis

8 feb 2022

The BTCUSD market should be forming the linking upwave X, which is an element of the double combination. The linking wave X must be developing as a double zigzag [W]-[X]-[Y], with sub-waves [W] and [X] completed inside. There is forming the final bullish wave [Y], with sub-waves (W)-(X) completed inside. The price should be rising in the impulse sub-wave C, which will conclude the double zigzag currently unfolding and the linking wave X at a level of 46600.00.

Trading plan for BTCUSD today:
Buy 44303.50, Take profit: 46600.00.