Elliott wave Bitcoin analysis 29.05.2023

Bitcoin continues to build a bearish corrective wave B. The last sub-wave [C] is unfolding inside it. Wave [C] can take the shape of an ending diagonal consisting of sub-waves (1)-(2)-(3)-(4)-(5), as shown in the chart. Correction (4) rose a little higher than the end of wave (1). Shortly expect the price to fall in the final sub-wave (5) to 25292.00. At this level, correction B will be 50% of impulse A.

Trading plan for BTCUSD today:

Sell 28147.79,

Take profit: 25292.00.

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