Elliott Wave analysis for Bitcoin 13.03.2024

The bullish impulse [1]-[2]-[3]-[4]-[5] continues forming in the BTCUSD chart. The first two parts have formed so far. The price is expected to rise shortly in impulse wave [3], which is made of subwaves (1)-(2)-(3)-(4)-(5). The last part of subwave (3) is currently developing. The price is expected to grow in subwave 5 of (3) to 72900.00, where the size of wave [5] will be 76.4% of wave [3].

Trading plan for BTCUSD for today:

Buy 71,785.29,

Take profit: 72,900.00.



Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

Go to Register with LiteForex Platform

Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission
.


Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.