Elliott wave Bitcoin analysis 25.07.2022

The BTCUSD is forming the motive down wave W as a standard zigzag [A]-[B]-[C]. There is forming impulse [C], with the final sub-wave (5) unfolding inside as an impulse 1-2-3-4-5. The first four sub-waves must have completed in the impulse, and the bearish sub-wave 5 is developing as an impulse [1]-[2]-[3]-[4]-[5], as outlined in the chart.

Trading plan for BTCUSD today:

Sell 21848.00,

Take profit: 17500.00.

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