Elliott wave Bitcoin analysis 12.1.2022

BTCUSD is forming a horizontal correction B as a double three [W]-[X]-[Y]. The first two main sub-waves [W]-[X] have been completed. Now the final actionary wave [Y] is unfolding as a double zigzag (W)-(X)-(Y). Shortly the price will rise within a sub-wave (Y) to the level of 17425.70. At this level, wave [Y] will be 76.4% of wave [W].

Trading plan for BTCUSD today:

Buy 17132.41,

Take profit: 17425.70

yanfx-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.