Elliott wave Bitcoin analysis 10.06.2022

The BTCUSD market is forming the motive wave W as a simple zigzag [A]-[B]-[C]. The final wave [C] is unfolding as a bearish impulse (1)-(2)-(3)-(4)-(5). Wave (4) is unfolding as a triple three W-X-Y-X-Z. The Bitcoin price should go down in the impulse sub-wave [C] to a level of 28100.00, where the linking wave X should end as outlined in the chart. Next, the price should be rising in the motive wave Z.

Trading plan for BTCUSD today:

Sell 30127.00,

Take profit:  28100.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 10.06.2022 | LiteFinance

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