Elliott Wave Bitcoin analysis 05.07.2023

The BTCUSD continues forming an ascending impulse C, with four sub-waves completed inside. The final leg [5] is unfolding as an ending diagonal (1)-(2)-(3)-(4)-(5). Correction (4) must have completed within the diagonal. The price should be rising in sub-wave (5) to a level of 32600.00.

Trading plan for BTCUSD today:

Buy 30836.55,

Take profit: 32600.00

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