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Elliott wave Bitcoin analysis 03.12.2021

After the large impulse wave (A) completed, there has started a bearish zigzag (A)-(B)-(C). Within this zigzag, impulse wave (A) completed. Next, the market has turned up and started rising in correction (B), likely unfolding as a zigzag A-B-C. Impulse A and correction B have finished within the zigzag. The C impulse has started unfolding; it could end at a level of 61215.00, where the (B) wave will retrace the (A) wave by 50%. One could enter purchases in the current situation.

Trading plan for BTCUSD today:

Buy 56504.50,

TP 61215.00

LiteFinance: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (3 December 2021) | LiteFinance

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