Elliott wave Bitcoin analysis 08.06.2022

The BTCUSD is forming the descending corrective wave W as a standard zigzag [A]-[B]-[C]. There is unfolding the descending wave [C] as an impulse (1)-(2)-(3)-(4)-(5), with the final sub-wave (5) developing inside. Sub-wave (5) is forming as an impulse 1-2-3-4-5, as outlined in the chart. The third leg of the potential impulse could end at a level of 25200.00.

Trading plan for BTCUSD today:

Sell 29988.00,

Take profit:  25200.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 08.06.2022 | LiteFinance

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