Elliott wave Bitcoin analysis  01.06.2022

The BTCUSD is forming the initial part of the upward wave unfolding as an impulse 1-2-3-4-5. Sub-waves 1 (leading diagonal) and 2 (double zigzag) have completed. The initial part of impulse 3 is currently developing. Sub-waves [1]-[2] and (1)-(2) of a smaller degree have finished. The Bitcoin price should be rising in sub-wave (3), namely in waves 3-4-5 of a smaller degree, as outlined in the chart. Sub-wave (3) should end at a level of 36000.00 marked by corrective wave 4.

Trading plan for BTCUSD today:

Buy 31527.00,

Take profit: 36000.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 01.06.2022 | LiteFinance

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