The most recent BTCUSD chart section displays the new bearish zigzag currently unfolding. The first bearish impulse wave (A) has finished in the zigzag. The final, fifth, leg of the (A) impulse is an ending diagonal. There is developing corrective wave (B) that could complete at a level around 62255.00. At this level, the upward wave (B) will retrace the (A) wave by 50%. This ratio is likely to be reached.
Trading plan for BTCUSD today:
Sell 57218.50, TP 62255.00
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