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

Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

Go to Register with LiteForex Platform

Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.