Elliott wave Bitcoin analysis 03.05.2023

In the medium term, BTCUSD can build a standard zigzag [A]-[B]-[C]. Its first part, wave [A], is currently unfolding. Wave [A] will take the shape of the leading diagonal (1)-(2)-(3)-(4)-(5). Corrective wave (4) has been completed. Soon expect a price decline in sub-wave (5), consisting of sub-waves 1-2-3-4-5, in the direction of the previous low 26900.00, marked by impulse (3).

Trading plan for BTCUSD today:

Sell 28505.19,
Take profit: 26900.00.

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