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.

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.