Elliott wave Bitcoin analysis 13.05.2022

The BTCUSD most recent chart section displays the bearish wave [C], the final leg of the standard zigzag [A]-[B]-[C]. Wave [C] is unfolding as a five-wave impulse (1)-(2)-(3)-(4)-(5). The bearish impulse (3) has completed, and a short bullish corrective wave (4) is currently unfolding as a zigzag A-B-C. Wave (4) could end at a level of 30921.00, and the market will be declining in wave (5) as outlined in the chart.

Trading plan for BTCUSD today:

Buy 30404.00,

Take profit: 30921.00 .

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 13.05.2022 | LiteFinance

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.