Elliott wave Bitcoin analysis 08.12.2022

Soon correction B will continue unfolding as double three [W]-[X]-[Y]. The first two sub-waves [W]-[X] are fully completed. Now the last sub-wave [Y] is under construction. The internal structure of wave [Y] hints at the formation of a double zigzag (W)-(X)-(Y). To complete it, an actionary wave (Y) is needed. The specified wave is expected to end near the level of 18010.00. At this level, waves [W] and [Y] will be equal.

Trading plan for BTCUSD today:

Buy 16802.56,

Take profit: 18010.00.

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.