Elliott Wave analysis for Bitcoin

23 Şub 2022

After an upward linking wave X formed as a double zigzag [W]-[X]-[Y], the market started following a new bearish trend. Most likely, we see the first part of momentum unfolding. It might trigger a bigger pattern formation. Subwaves (1) and (2) formed as part of potential momentum. Impulsive wave (3) is currently developing and might end at 35515.00.

Trading plan for BTCUSD for today:
Sell 38128.50, Take profit: 35515.00.