Elliott wave Bitcoin analysis 09.03.2022

The BTCUSD continues forming the motive wave Y as a double zigzag [W]-[X]-[Y], with the first two sub-waves [W] and [X] completed inside as standard zigzags. The price is now going down, forming the motive sub-wave [Y] as a simple zigzag (A)-(B)-(C). The bullish correction (B) must have completed, so the price should be declining in the (C) wave towards the low of 34288.00.

Trading plan for BTCUSD today:

Sell 41423.00.

Take profit: 34288.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 09.03.2022 | LiteFinance

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