Elliott wave Bitcoin analysis   25.04.2022

The Bitcoin price is declining within the correction. Perhaps a double zigzag [W]-[X]-[Y] is developing. The actionary wave [W] completed as a standard zigzag (A)-(B)-(C). The linking wave [X], which has a standard zigzag structure, also looks completed. The most recent BTCUSD chart section displays the price decline within the new impulse wave, which may give rise to the final actionary wave. Sub-waves (1) and (2) have been formed. Soon, the price fall is expected within the impulse sub-wave (3) to the level of 33700.00. At this level, wave (3) will be 161.8% of the wave (1).

Trading plan for BTCUSD today:

Sell 39133.50,

Take profit: 33700.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 25.04.2022 | LiteFinance

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