Elliott wave Bitcoin analysis 10.12.2021

The BTCUSD market is forming a descending simple zigzag [A]-[B]-[C], with the first sub-wave [A] completed inside. There is developing the upward corrective wave [B] as a simple zigzag (A)-(B)-(C). Wave (A) has completed as a leading diagonal. The corrective wave (B) could have also completed as a simple zigzag A-B-C. The Bitcoin price should be rising to a level of 55050.00, where wave [B] will retrace the [A] wave by 50%.

Trading plan for BTCUSD today:

Buy 48247.50,

TP 55050.00.

LiteFinance: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (10 December 2021) | LiteFinance

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