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:
Take profit: 28100.00.