Elliott Wave analysis for Bitcoin 24.12.2021

The crypto pair BTCUSD is correcting in wave [B]. This wave may finally be shaped like a double three (W)-(X)-(Y). Sub-wave (Y), whose structure may be simple, is required to complete that corrective pattern. The first impulse wave A is nearing completion as part of the wave (Y) and consists of sub-waves [1]-[2]-[3]-[4]-[5]. It is expected to end near the level of 51945.00. The chart shows an approximate pattern of an eventual future movement.

Trading plan for BTCUSD for today:

Buy 50969.00,

TP 51945.00

LiteFinance: Elliott Wave analysis for BTCUSD, XRPUSD, and ETHUSD for today (24 December 2021)| LiteFinance

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.