Elliott wave Bitcoin analysis 14.03.2022

The BTCUSD is forming the global corrective wave (B) as a double zigzag W-X-Y. The current chart displays the structure of the final wave Y, unfolding as a simple zigzag [A]-[B]-[C], where impulse sub-wave [A] and corrective sub-wave [B] have completed. The impulse wave [C] is currently unfolding. The Bitcoin price should go down to level 32800.00, where impulse sub-wave (3) is to finish.

Trading plan for BTCUSD today:

Sell 38460.00.

Take profit: 32800.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 14.03.2022 | LiteFinance

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