Elliott wave Bitcoin analysis 24.06.2022

The BTCUSD market is forming the final part of the bearish impulse wave [C] as an element of the motive wave W. The first four parts have completed in the impulse wave [C]. There is forming the final impulse wave (5) as an impulse. Correction 4 have completed as a double zigzag [W]-[X]-[Y]. The Bitcoin price will be falling in wave 5 to a level of 14600.00, where wave (5) will be 76.4% of impulse (3).

Trading plan for BTCUSD today:

Sell 21084.50,

Take profit: 14600.00.

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