Elliott wave Bitcoin analysis  28.06.2022

The BTCUSD market continue forming the motive wave W as a standard zigzag [A]-[B]-[C]. There is unfolding the bearish impulse [C], with the final wave (5) developing inside. Sub-waves 1-2-3-4 have completed in wave (5), and the Bitcoin price should continue falling 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 20828.00,

Take profit: 14600.00.

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