Elliott wave Bitcoin analysis 27.02.2023

The BTC market is forming the last impulse wave C within the actionary wave (W). The first three parts within impulse C have already been built. Now the bear correction [4] is unfolding. Corrective sub-wave [4] will take the shape of a double zigzag (W)-(X)-(Y), where sub-waves (W)-(X) have already been completed. Soon expect a decline in the last actionary sub-wave (Y) to the level of 22037.14, which is located on the support line.

Trading plan for BTCUSD today:

Sell 25245.00,

Take profit: 22037.14.

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