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Elliott wave Bitcoin analysis 10.05.2022

The hourly BTCUSD chart displays the bearish wave Y currently unfolding as a standard zigzag [A]-[B]-[C]. There is developing the down impulse wave [C] composed of five sub-waves (1)-(2)-(3)-(4)-(5). Sub-waves (1) and (2) have completed, and wave (3) is still developing. Wave (3) should end at a level of 29075.00, where it will be 200% of sub-wave (1).

Trading plan for BTCUSD today:

Sell 30790.50,

Take profit: 29075.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 10.05.2022 | LiteFinance



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