Elliott wave Bitcoin analysis     03.05.2022

The BTCUSD is forming a downtrend. The most recent chart section displays the structure of the new bearish wave, unfolding as an impulse. Sub-waves (1) and (2) may have completed. There is unfolding sub-wave (3), which should end at a level of 33818.00, where wave (3) will be 123.6% of wave (1). An approximate trajectory of the Bitcoin future price movement is outlined in the chart.

Trading plan for BTCUSD today:

Sell 38461.00,

Take profit: 33818.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 03.05.2022 | LiteFinance

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