Elliott wave Bitcoin analysis 09.06.2022

The BTCUSD continues forming corrective wave (4) as a part of the descending impulse [C]. The [C] impulse is the final leg of the large bearish zigzag [A]-[B]-[C] within the W wave. Wave (4) is unfolding as a triple three W-X-Y-X-Z. The second linking wave X is currently forming as a zigzag [A]-[B]-[C], with the impulse wave [C] unfolding inside. Sub-waves (1) and (2) have completed within the [C] wave. The Bitcoin price will be moving down in sub-waves (3), (4) and (5) to a level of 28100.00.

Trading plan for BTCUSD today:

Sell 30364.00,

Take profit:  28100.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 09.06.2022 | LiteFinance





Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

Go to Register with LiteForex Platform

Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.