BTCUSD - Analysis by Elliot Waves Theory

7 May 2023

BTCUSD is about to start a correction on downward direction after finished ABC as X, reason for this idea is a triangle correction is occurred on wave 4 and as per Elliot waves principle which stated that a triangle correction is the last correction wave before last impulsive wave (5)
another reason also that prices broke the bottom of the last impulsive wave 5

So now since there is no break of top of wave 5 a correction downward is a good idea

Good luck ,

7 May 2023

İşlem aktif

12 May 2023

İşlem aktif

Take profit and shift stop loss to entry

5 Haz 2023

İşlem aktif

We can take the second profit and the stop loss on entry as mentioned before

15 Haz 2023

İşlem kapandı: hedefe ulaştı