Elliott wave Bitcoin analysis 06.06.2023

The BTCUSD market is building the last wave [Z] inside the triple zigzag [W]-[X]-[Y]-[X]-[Z]. Wave [Z] is unfolding as a zigzag (A)-(B)-(C). The price is currently declining in a final wave (C) that could take the shape of a five-wave impulse around 25083.00, as shown in the chart. At the indicated level, wave (C) will be 123.6% of the impulse (A).

Trading plan for BTCUSD today:

Sell 25781.28,

Take profit: 25083.00.

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