Elliott wave Bitcoin analysis  02.03.2022 

The BTCUSD is forming the final sub-wave of the double zigzag W-X-Y, the down motive wave Y as a double zigzag [W]-[X]-[Y]. After the price dropped in the motive wave [W], the market has been rising in the linking wave [X], likely unfolding as a simple zigzag (A)-(B)-(C), which is about to end soon. The price should rise to a level of 45920.00, where wave [X] will be 100% of the [W] wave.

Trading plan for BTCUSD today:

Buy 44320.50.

Take profit: 45920.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 02.03.2022 | LiteFinance

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