Elliott wave Bitcoin analysis
The BTCUSD market has completed the bullish linking wave X as a double zigzag [W]-[X]-[Y], composed of two bullish zigzags connected with the linking wave [X]. Waves [W] and [Y] are zigzags composed of sub-waves (A)-(B)-(C). The impulse wave (C) has recently concluded wave [Y], and the market has turned down and started declining in the bearish impulse (1). The Bitcoin price should be moving down to a level of 41100, the low made by the previous corrective wave 4.
Trading plan for BTCUSD today:
Sell 43116.50, Take profit: 41100.00.
Trading plan for BTCUSD today:
Sell 43116.50, Take profit: 41100.00.
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.