Elliott wave Bitcoin analysis

17 בפבר׳ 2022

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.