Elliott wave Bitcoin analysis 20.04.2023

Bitcoin has completed the formation of a major impulse wave (A). Then the decline began inside the initial part of the new corrective wave (B). The initial part of this correction indicates that the entire wave may take the shape of a double zigzag. Wave W is unfolding as a double zigzag of a smaller wave degree. The actionary wave [Y] will end around 28149.79. At this level, it will be 123.6% of wave [W]. The above-mentioned level also serves as the low marked by the correction (2).

Trading plan for BTCUSD today:

Sell 28836.73,

Take profit: 28149.79.





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