Elliott wave Bitcoin analysis 01.07.2022

The BTCUSD continues forming the down motive wave W, with the final leg [C] developing inside. Four sub-waves completed in the [C] impulse, and the final sub-wave (5) is unfolding as an impulse 1-2-3-4-5 of a smaller degree. The price should be moving in sub-wave 5 down to a level of 14600.00, where wave (5) will be 76.4% of impulse (3).

Trading plan for BTCUSD today:

Sell 19379.00,

Take profit: 14600.00 .

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