Elliott wave Bitcoin analysis 30.05.2022

The BTCUSD market is forming the final wave Y of the large double zigzag. Wave Y is developing as a standard zigzag, with the final impulse wave [C] unfolding inside. In the [C] wave, correction (4) has completed as a triangle A-B-C-D-E. Therefore, the Bitcoin price should be declining in wave (5) to a level below the low of 27922.00, marked by sub-wave D.

Trading plan for BTCUSD today:

Sell 30301.00,

Take profit: 27922.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 30.05.2022 | LiteFinance

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