Elliott wave Bitcoin analysis 21.04.2023

Bitcoin is falling as part of the initial part of a new corrective wave (B). Judging by the initial part of this correction, the whole wave may take the shape of a double zigzag. Wave W is unfolding. Its structure is similar to a double zigzag of a smaller wave degree. The actionary wave [Y] will end near the level of 27453.58, where it will be 161.8% of wave [W]. Also, the above-mentioned level serves as the low marked by the correction (2).

Trading plan for BTCUSD today:

Sell 28252.03,

Take profit: 27453.58.

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.