Elliott wave Bitcoin analysis     17.06.2022

The BTCUSD is forming the final impulse wave [C] composed of five sub-waves (1)-(2)-(3)-(4)-(5). The hourly chart displays the final part of the [C] wave. After correction (4) completed as a double zigzag W-X-Y, the price has been falling in impulse (5). Sub-waves 1-2-3-4 have finished, and the price could be moving down in wave (5) to a level of 17690.00, where it will be 61.8% of wave (3).

Trading plan for BTCUSD today:

Sell 20246.00,

Take profit: 17690.00.

Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

Go to Register with LiteForex Platform

Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.