The BTCUSD market continues forming the down impulse wave [C] that started a few months ago. The above chart displays wave (5) of [C] unfolding as an impulse 1-2-3-4-5. Correction 4 must have completed as a double zigzag [W]-[X]-[Y]. The Bitcoin price should be falling in wave 5 to a level of 17400.00, as outlined in the chart.
Trading plan for BTCUSD today:
Take profit: 17400.00.