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Elliott wave Bitcoin analysis 21.12..2022

At the moment, the BTCUSD price is declining. The market began constructing an impulse wave C, consisting of sub-waves [1]-[2]-[3]-[4]-[5]. This wave is the final in the unfolding bearish zigzag (Y). Correction [4] has been completed, so soon, the price will continue to decline in sub-wave [5] towards the level of 14700.00. At this level, impulse C will be 61.8% of wave A.

Trading plan for BTCUSD today:

Sell 16808.64,

Take profit: 14700.00.








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