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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

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