Elliott wave Bitcoin analysis   22.06.2022

The BTCUSD market is forming the motive wave W, with the bearish impulse wave [C] developing inside. Four sub-waves have completed in the [C] impulse. The market should be falling in sub-wave 5. Wave 5 could conclude impulse (5) at at a level around 14600.00, where wave (5) will be 76.4% of wave (3), according to the Fibonacci extensions.

Trading plan for BTCUSD today:

Sell 20267.00,

Take profit: 14600.00.

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