Elliott wave Bitcoin analysis 07.03.2023

The BTCUSD market is moving within a corrective wave [4]. It will take the shape of a zigzag (A)-(B)-(C), where the impulse (A) and correction (B) are fully completed. Now the last impulse sub-wave (C) is unfolding. Soon the price will continue to fall in sub-wave 5 towards the level of 21459.77. At this level, the impulses (A) and (C) will be equal. Then expect an upward movement towards the high of 25245.00.

Trading plan for BTCUSD today:

Sell 22443.62,
Take profit: 21459.77.

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