Elliott wave Bitcoin analysis 04.02.2022

The BTCUSD market continues rising in the linking wave X unfolding as a double zigzag  [W]-[X]-[Y]. There is developing the final upward sub-wave [Y] as a double zigzag (W)-(X)-(Y). The linking down wave (X) must have completed, so the market is rising in the final motive wave (Y). The Bitcoin price should be moving up to a level of 39350.00, where wave [Y] will be 61.8% of wave [W]. 

Trading plan for BTCUSD today:

Buy 37289.50.

Take profit: 39350.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 04.02.2022 | LiteFinance

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