Elliott wave Bitcoin analysis 01.11.2022

The BTCUSD market is building the first actionary wave (W) of a potential double zigzag. Wave (W) may soon end as a standard zigzag A-B-C. There could be unfolding upward impulse wave C, within which the correction [4] recently ended. Therefore, shortly expect the price to rise within the sub-wave [5] towards the high of 22845.00.

Trading plan for BTCUSD today:

Buy 20520.50,

Take profit: 22845.00





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.