Elliott wave Bitcoin analysis 13.07.2022

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:

Sell 19461.50,

Take profit: 17400.00.

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