Elliott wave Bitcoin analysis 20.06.2022

The BTCUSD market continues forming the down wave [C] as an impulse (1)-(2)-(3)-(4)-(5). The hourly timeframe displays the final part of the pattern. After correction (4), composed of sub-waves W-X-Y, completed, the price has been drawing the impulse wave (5). Sub-waves 1-2-3-4 must have completed, and the price is moving in the final sub-wave 5 to a level of 14600.00. At the indicated level, wave (5) will be 76.4% of wave (3).

Trading plan for BTCUSD today:

Sell 19785.50,

Take profit: 14600.00.





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.