Elliott wave Bitcoin analysis   15.06.2022

The BTCUSD continues declining. The final impulse wave [C] of the descending zigzag-shaped wave W is developing. The first four legs have completed in the [C] impulse, and the final wave (5) is unfolding as a bearish impulse 1-2-3-4-5. Sub-waves 1-2-3-4 have finished, and the final sub-wave 5 of a smaller degree is forming. The price could be moving down to a level of 17690.00, where wave (5) will be 61.8% of wave (3).

Trading plan for BTCUSD today:

Sell 21188.50,

Take profit: 17690.00.

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