Elliott wave Bitcoin analysis 08.09.2022

The BTCUSD market continues forming the linking wave [X] as a double zigzag (W)-(X)-(Y). Sub-waves (W) and (X) have finished, and the bearish motive wave (Y) is currently forming as a standard zigzag A-B-C. The B correction has recently completed, and the price is falling in the C impulse composed of sub-waves [1]-[2]-[3]-[4]-[5]. The C impulse should finish at a level of 18500.00.

Trading plan for BTCUSD today:

Sell 19294.10,

Take profit: 18500.00.

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