Elliott wave Bitcoin analysis 08.05.2023

Downward correction B is unfolding as a standard zigzag [A]-[B]-[C]. Impulse [A] and correction [B] are fully completed. The final wave [C], most likely, will take the shape of a simple impulse (1)-(2)-(3)-(4)-(5). This impulse is expected to end around 25300.00. At this level, correction B will be 50% of impulse A.

Trading plan for BTCUSD today:

Sell 28152.83,

Take profit: 25300.00.

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