Elliott wave Bitcoin analysis 26.07.2022

The most recent section of the BTCUSD hourly chart displays the final part of the bearish impulse (1)-(2)-(3)-(4)-(5). The long-term complex correction 4 must have completed as a triple zigzag [W]-[X]-[Y]-[X]-[Z]. The price has been falling in the bearish wave 5 developing as an impulse [1]-[2]-[3]-[4]-[5], as outlined in the chart. The descending impulse should end at a level of 17500.00, the previous low. 

Trading plan for BTCUSD today:

Sell 21122.00,

Take profit: 17500.00.

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