Elliott wave Bitcoin analysis  29.06.2022

Bitcoin continues forming the descending motive wave W as a standard zigzag [A]-[B]-[C]. There is forming the final impulse wave [C], with the final sub-wave (5) unfolding inside. Sub-waves 1-2-3-4 have completed in wave (5). 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 20193.50,

Take profit: 14600.00.

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