Elliott wave Bitcoin analysis 04.04.2023

After the completion of the impulse wave (A), the market began developing a new bearish correction (B). This correction will take the shape of a double zigzag W-X-Y. The actionary wave W will soon end as a zigzag [A]-[B]-[C]. The entire correction (B) may end around the level of 23800.00. A possible future price movement is shown in the chart with trend lines.

Trading plan for BTCUSD today:

Sell 27893.91,

Take profit: 23800.00.

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