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Elliott Wave analysis for Bitcoin  20.04.2022 

Most likely, a new bearish double zigzag is unfolding at the moment, with the first actionary wave [W] formed as its part recently. The wave [W] developed as a simple zigzag (A)-(B)-(C). A bullish linking wave [X] is currently developing and will likely form as a zigzag (A)-(B)-(C). A small impulse (A) and correction (B) look completed, so the price can be expected to grow in the ultimate subwave (C) to 43376.00 in the near time. The size of wave [X] will be 50% of wave [W] at that level.

Trading plan for BTCUSD for today:

Buy 41312.50,

Take profit: 43376.00.

LiteFinance: Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 20.04.2022 | LiteFinance



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