Elliott wave Bitcoin analysis 26.04.2023

Bitcoin is forming a downward wave W as a double zigzag [W]-[X]-[Y]. Within this pattern, the last bearish wave [Y] is unfolding as a standard zigzag (A)-(B)-(C). The correction (B) has been recently completed. Soon the price will decline in the initial part of the impulse (C). BTC may fall towards 25865.95. At this level, wave (C) will be 76.4% of the impulse (A).

Trading plan for BTCUSD today:

Sell 28394.45,

Take profit: 25865.95.

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