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Elliott wave Bitcoin analysis 01.12.2021

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

LiteFinance: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (1 December 2021) | LiteFinance

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