Elliott wave Bitcoin analysis
The BTCUSD market is developing a new bearish wave as an impulse. Sub-waves (1)-(2)-(3) must be fully completed. If the assumption is correct, and the price decline within the impulse down wave (3) has ended, then a corrective movement within wave (4) is expected shortly. The price will likely rise to the previous high of 39270.00, where the corrective sub-waves [4] and 4 were completed.
Trading plan for BTCUSD today:
Buy 35047.00, Take profit: 39270.00.
Trading plan for BTCUSD today:
Buy 35047.00, Take profit: 39270.00.
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