Elliott wave Bitcoin analysis 27.06.2022

The BTCUSD is forming the bearish long-term trend as a double zigzag, with the motive wave A developing inside as a standard zigzag. There is forming the final impulse wave [C], with the final sub-wave (5) unfolding inside. Correction 4 has completed in wave (5) as a zigzag [A]-[B]-[C]. The Bitcoin price should be declining in sub-wave 5 to a level of 14600.00, where wave (5) will be 76.4% of impulse (3).

Trading plan for BTCUSD today:

Sell 21038.00,

Take profit: 14600.00.

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