Elliott wave Bitcoin analysis 06.12.2021

The BTCUSD market is forming a new descending correction as a simple zigzag [A]-[B]-[C]. The first impulse wave [A] completed as a simple five-wave impulse. Next, the market turned up and started rising in the bullish correction [B], likely unfolding as a zigzag (A)-(B)-(C), as outlined in the chart. The entire wave [B] could end at a level of 58410.00, where it will be 61.8% of the [A] impulse.

Trading plan for BTCUSD today:

Buy 49146.50,

TP 58410.00

LiteFinance: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (6 December 2021) | LiteFinance

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