Elliott wave Bitcoin analysis 13.12.2022

The BTCUSD market is building a complex corrective wave B, which consists of three main sub-waves [W]-[X]-[Y]. Sub-waves [W] -[X] are completed, while the last sub-wave [Y] is still unfolding. Wave [Y] will take the shape of a double zigzag (W)-(X)-(Y), where the last leg (Y) also looks like a double zigzag W-X-Y. Growth within the sub-wave (Y) will reach the level of 18120.00. That is, wave [Y] is expected to end at the level marked by wave [W].

Trading plan for BTCUSD today:

Buy 17165.74,

Take profit: 18120.00.

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.