Elliott wave Bitcoin analysis
The BTCUSD market has completed the large linking wave X as an upward double zigzag. There is unfolding the new bearish linking wave as an impulse. The first two sub-waves (1) and (2) must have completed. Wave (2) is 76.4% of wave (1) according to Fibonacci retracements. The Bitcoin price should be going down in wave (3) to a level below 41454.00, marked by sub-wave (1).
Trading plan for BTCUSD today:
Sell 43723.00, Take profit: 41545.00.
Trading plan for BTCUSD today:
Sell 43723.00, Take profit: 41545.00.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.