Elliott wave Bitcoin analysis 08.04.2022

The BTCUSD has been moving down after having finished the upward linking wave as a double zigzag [W]-[X]-[Y]. There must be forming the initial part of the new double zigzag [W]-[X]-[Y], sub-wave [W]. The [W] wave should be unfolding as a triple zigzag W-X-Y-XX-Z. The second linking wave XX is to end soon, and the market will be declining in the final sub-wave Z to the previous low of 40399.00, as outlined in the chart.

Trading plan for BTCUSD today:

Sell 43690.46,

Take profit: 40399.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 08.04.2022 | LiteFinance

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