Elliott wave Bitcoin analysis 07.02.2022

The BTCUSD market continues forming the linking wave X as a double zigzag [W]-[X]-[Y]. There is developing the final upward wave [Y] as a double zigzag (W)-(X)-(Y). Sub-waves (W) and (X) must have completed. The final sub-wave (Y) is unfolding as a simple zigzag A-B-C, which should end at a level of 46600.00.

Trading plan for BTCUSD today:

Buy 42824.50.

Take profit: 46600.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 07.02.2022 | LiteFinance

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