Elliott wave Bitcoin analysis  08.03.2022

The motive down wave Y continues unfolding as a double zigzag, with the first two sub-waves [W] and [X] completed inside. The final sub-wave [Y] is currently forming as a simple zigzag (A)-(B)-(C). The (A) impulse seems to have completed. After a short corrective wave (B) completes, the market will resume falling in the (C) impulse to a level of 34288.00, as outlined in the chart.

Trading plan for BTCUSD today:

Sell 38355.50.

Take profit: 34288.00

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 08.03.2022 | LiteFinance


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