The BTCUSD is forming a simple bearish zigzag (A)-(B)-(C). After completing the down impulse wave (A), the market has turned up and started rising in correction (B). The (B) correction is unfolding as a zigzag with the impulse wave A composed of sub-waves [1]-[2]-[3]-[4]-[5] and the descending correction B completed inside. Sub-wave C will conclude the zigzag-shaped pattern at a level of 61215.00, where wave (B) will be 50% of the (A) wave.
Trading plan for BTCUSD today:
Buy 57381.50,
TP 61215.00
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.
