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Elliott wave Bitcoin analysis 13.06.2022

The BTCUSD market is forming a descending motive wave W as a standard zigzag [A]-[B]-[C]. There is unfolding the final impulse wave [C], with the final wave (5) developing inside. Wave (5) is unfolding as an impulse 1-2-3-4-5. Impulse 3 has completed, and the price should be rising in correction 4. Next, the market will resume declining in sub-wave 5, as outlined in the chart. Wave (5) should end at a level of 22985.00, where it will be 38.2% of impulse (3).

Trading plan for BTCUSD today:

Sell 25680.50,

Take profit:  22985.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 13.06.2022 | LiteFinance




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