Elliott wave Bitcoin analysis 06.03.2023

Bitcoin continues to move within the correction wave [4]. It will take the shape of the zigzag (A)-(B)-(C), within which the impulse (A) and the correction (B) have been completed. The last impulse sub-wave (C) is currently unfolding. Shortly, the price will continue to fall in sub-wave 5 towards the level of 21451.92. At this level, impulses (A) and (C) will be equal.

Trading plan for BTCUSD today:

Sell 22353.54,
Take profit: 21451.92.

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

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.