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.








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.