Elliott wave Bitcoin analysis 16.01.2023

The ascending actionary wave (W), which serves as the first part of a large double zigzag, is unfolding. Wave (W) will soon end as a standard A-B-C zigzag. The development of the impulsive wave [3] has come to an end within impulse C. Shortly, expect a small decline in the correction [4]. After that, the price will continue to grow within the sub-wave [5]. It is expected to end around the level of 22700.00.

Trading plan for BTCUSD today:

Buy 21140.57,
Take profit: 22700.00.






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.