Elliott wave Bitcoin analysis 23.03.2023

The BTCUSD market has completed an upward impulse wave (A). Now the corrective wave (B) is unfolding as the standard A-B-C zigzag, as shown in the chart. The first impulse wave A is expected to end near the price level of 23750.00. Correction (B) will be 61.8% of the impulse (A). In the current situation, consider opening short trades.

Trading plan for BTCUSD today:

Sell 27398.89,

Take profit: 23750.00.

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