Elliott wave Bitcoin analysis      11.05.2022

The BTCUSD is developing the simple bearish 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 developing as an impulse 1-2-3-4-5. This impulse should end at a level of 29075.00, where wave (3) will be 200% of wave (1).

Trading plan for BTCUSD today:

Sell 30921.00,

Take profit: 29075.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 11.05.2022 | LiteFinance

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