Elliott wave Bitcoin analysis  02.06.2022

It is clear from the BTCUSD hourly chart completed the large corrective wave (B) and has been moving up in the initial part of the potential impulse. So far, sub-waves 1 and 2 have finished in the potential impulse. Sub-waves of a smaller degree [1]-[2] and (1)-(2) have completed. The Bitcoin price is rising in sub-wave (3), its potential structure is outlined in the chart. The entire wave (3) could end at a level of 36000.00, the high marked by correction 4.

Trading plan for BTCUSD today:

Buy 30330.50,

Take profit: 36000.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 02.06.2022 | LiteFinance

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