Elliott Wave analysis for Bitcoin 28.12.2021

At the beginning of December, Bitcoin finished forming a downward impulsive wave [A], consisting of sub-waves (1)-(2)-(3)-(4)-(5). Then, a corrective wave [B] started forming as a double zigzag (W)-(X)-(Y). The middle part of the pattern, linking wave (X), developed as a triple zigzag on 20 December. The ultimate actionary wave (Y) has been unfolding since last week and is about to end. The wave (Y) will likely be a simple zigzag A-B-C, where impulse A and correction B have already formed, and sub-wave C is half-built. So, the BTCUSD may continue growing shortly to 55000.00 in sub-wave C. Correction [B] will be 50% of impulse [A] at that level. 

Trading plan for BTCUSD for today:

Buy 51019.00,

TP 55000.00

LiteFinance: Elliott Wave analysis for BTCUSD, XRPUSD, and ETHUSD for today (28 December 2021) | LiteFinance

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