Elliott wave Bitcoin analysis  26.04.2022

The BTCUSD market is forming a downward double zigzag [W]-[X]-[Y]. The actionary wave [W] and the linking wave [X] have been completed as standard zigzags. Currently, the initial part of a new bearish wave is unfolding as a zigzag, that is, an impulse sub-wave is now developing. Sub-waves (1)-(2) have been completed, therefore, soon, a decrease within the impulse sub-wave (3) towards level 34780.00 is possible. At this level, wave (3) will be 123.6% of first impulse (1).

Trading plan for BTCUSD today:

Sell 40528.00,

Take profit: 34780.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 26.04.2022 | LiteFinance

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