Elliott wave Bitcoin analysis 04.11.2022

The BTCUSD market is forming an actionary wave (W). It will take the shape of a standard A-B-C zigzag. Impulse wave A and bearish correction B have been completed as a double zigzag [W]-[X]-[Y]. Now the last upward wave C is currently unfolding as an impulse [1]-[2]-[3]-[4]-[5]. Correction [4], which is a double zigzag (W)-(X)-(Y) has ended. Therefore, shortly the market will rise in the sub-wave [5] towards the level of 22845.00.

Trading plan for BTCUSD today:

Buy 20309.50,

Take profit: 22845.00.






Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

Go to Register with LiteForex Platform

Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission
.

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.