Elliott wave Bitcoin analysis

22. Dez. 2021

Corrective wave [B] is forming in the most recent BTCUSD chart section. This horizontal correction is developing as a double three (W)-(X)-(Y). The motive wave (W) has completed as a double zigzag, the (X) wave has finished as a triple zigzag. The Bitcoin price is rising in the initial part of the final motive wave (Y), its first impulse wave A could end at a level of 51944.57, marked by the (W) wave.

Trading plan for BTCUSD today:
Buy 49273.00, TP 51944.57