Elliott wave Bitcoin analysis 07.04.2022

The BTCUSD continues falling, so the previous layout has been corrected. The upward linking wave X must have completed, and there is unfolding the initial leg of the bearish double zigzag, sub-wave [W]. The [W] should be developing as a triple zigzag W-X-Y-XX-Z. Sub-waves W-X-Y have completed, so the price should be falling in sub-waves XX-Z. The entire wave [W] should end at a level of 40399.00, marked by the linking wave X.

Trading plan for BTCUSD today:

Sell 43398.00,

Take profit: 40399.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 07.04.2022 | LiteFinance

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