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

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