Elliott wave Bitcoin analysis 09.12.2021

The BTCUSD market continues forming the corrective wave as a simple zigzag [A]-[B]-[C]. After the down impulse wave [A] completed, the market has turned up and started rising in the corrective wave [B] unfolding as a zigzag (A)-(B)-(C). Wave (A) completed as a leading diagonal, and the price was declining in correction (B), which has completed so far. The Bitcoin should be rising in the (C) impulse to a level of 58410.00.

Trading plan for BTCUSD today:

Buy 49733.00,

TP 58410.00.

LiteFinance: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (9 December 2021) | LiteFinance

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