Elliott wave Bitcoin analysis 23.06.2022

The BTCUSD continues forming the motive wave W, with the bearish impulse wave [C] developing inside. Sub-waves (1)-(2)-(3)-(4) have completed in the [C] impulse, and the final wave (5) is still unfolding. The market should be falling in sub-wave 5. Wave 5 could conclude impulse (5) at a level around 14600.00, where wave (5) will be 76.4% of wave (3).

Sell 20187.00,

Take profit: 14600.00.

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