Elliott wave Bitcoin analysis 14.07.2022

The BTCUSD is declining in the motive wave W, the first sub-waves of the potential zigzag. Wave W is developing as a standard zigzag, with the final impulse wave [C] unfolding inside. Sub-wave (5) of [C] is currently forming, with sub-waves [1]-[2]-[3]-[4] completed and the final sub-wave [5] developing inside. The Bitcoin price should be moving down in sub-wave [5] to a level of 17400.00.

Trading plan for BTCUSD today:

Sell 20048.00,

Take profit: 17400.00.

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