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.





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