Elliott wave Bitcoin analysis 16.02.2022

The most recent section of the BTCUSD price chart displays the bearish wave currently unfolding as a fie-wave impulse. The first down wave (1) finished as a leading diagonal. The zigzag-shaped correction (2) must have also completed, having retraced wave (1) by 76.4%. Therefore, the price should continue falling in a large impulse wave (3) to a level far below 41545.00, marked by the leading diagonal (1).

Trading plan for BTCUSD today:

Sell 44015.50,

Take profit: 41545.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 16.02.2022 | LiteFinance

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