Elliott wave Bitcoin analysis 13.12.2021

The BTCUSD is forming a descending corrective trend as a simple zigzag [A]-[B]-[C]. There is unfolding the corrective wave [B] as a simple zigzag (A)-(B)-(C). Sub-waves (A)-(B) should have completed. (A) is a leading diagonal, (B) is a zigzag-shaped correction, whose C wave is an ending diagonal. The price is likely to be rising in the (C) wave, which could end at a level of 55050.00, where the [B] correction will be 50% of the [A] impulse.

Trading plan for BTCUSD today:

Buy 48992.75,

TP 55050.00.

LiteFinance: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (13 December 2021) | LiteFinance

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