Elliott wave Bitcoin analysis 05.04.2023

BTCUSD is building a correction (B) as a bearish double zigzag W-X-Y. The first two sub-waves W and X have already been completed. Thus, shortly expect a decline in the final actionary sub-wave Y. Wave Y, like wave W, will be completed as a standard zigzag, as shown in the chart. BTC is expected to decline to the low of 23800.00.

Trading plan for BTCUSD today:

Sell 28544.57,

Take profit: 23800.00.

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