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 37963.50,
Take profit: 33818.00.
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.
