Elliott wave Bitcoin analysis

17 Des 2021

The BTCUSD continues forming the upward correction [B] as a double zigzag (W)-(X)-(Y). The first two sub-waves of this pattern have been completed, and there is unfolding the final motive wave (Y) as a triple zigzag, as outlined in the chart. The entire pattern should complete at a level of 55050.00, where the [B] wave will retrace the [A] impulse by 50%.

Trading plan for BTCUSD today:
Buy 47854.50, TP 55050.00