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Elliott wave Bitcoin analysis 04.03.2022

The BTCUSD continues falling in the motive wave Y, unfolding as a double zigzag [W]-[X]-[Y]. The upward linking wave [X] must have completed as a simple zigzag (A)-(B)-(C). The market should be declining in the motive wave [Y], which will finish as a simple zigzag at a level of 34280.00, as outlined in the chart. The first impulse wave (A) should end at a level of 39410.00. One could enter sell trades in the current situation. 

Trading plan for BTCUSD today:

Sell 41404.96.

Take profit: 39410.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 04.03.2022 | LiteFinance


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