Elliott wave Bitcoin analysis 25.04.2023

Downward wave W is unfolding as a double zigzag [W]-[X]-[Y]. The actionary wave [W] and the linking wave [X] have been completed. Bear wave [Y] is currently under construction. It can take the shape of a standard zigzag (A)-(B)-(C). A correction (B) has been completed. Then the price declined in the initial part of the impulse (C). Shortly, the price will fall to 25915.00. At this level, wave (C) will be 61.8% of the impulse (A).

Trading plan for BTCUSD today:

Sell 27399.42,

Take profit: 25915.00.

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