Elliott wave Bitcoin analysis 05.04.2022

The BTCUSD continues forming the global linking wave X as a double zigzag [W]-[X]-[Y]. There is developing the final motive wave [Y], composed of sub-waves (W)-(X)-(Y). The final sub-wave (Y) is currently unfolding as an upward triple zigzag W-X-Y-XX-Z, which should be concluded by the final sub-wave Z, currently unfolding as a double zigzag [W]-[X]-[Y], at a level of 48650.00, where sub-waves (W) and (Y) will be equal.

Trading plan for BTCUSD today:

Buy 46764.50,

Take profit: 48650.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 05.04.2022 | LiteFinance



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