Elliott wave Bitcoin analysis 15.02.2022

The BTCUSD is forming the descending double zigzag W-X-Y, with the linking wave X completed inside a double combination [W]-[X]-[Y]. There is forming the initial part of the impulse. The first sub-wave (1) has completed as a leading diagonal, and the upward correction (2) is to finish soon. Correction (2) could end at a level of 44173.00, where it will retrace impulse (1) by 61.8%.

Trading plan for BTCUSD today:

Buy 43479.50,

Take profit: 44173.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 15.02.2022 | 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.