Elliott wave Bitcoin analysis
The BTCUSD market has completed the large linking wave X as an upward double zigzag. There is unfolding the new bearish linking wave as an impulse. The first two sub-waves (1) and (2) must have completed. Wave (2) is 76.4% of wave (1) according to Fibonacci retracements. The Bitcoin price should be going down in wave (3) to a level below 41454.00, marked by sub-wave (1).
Trading plan for BTCUSD today:
Sell 43723.00, Take profit: 41545.00.
Trading plan for BTCUSD today:
Sell 43723.00, Take profit: 41545.00.
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