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Elliott wave Bitcoin analysis 17.02.2022

The BTCUSD market has completed the large linking wave X as an upward double zigzag. There is unfolding the new bearish linking wave as an impulse. The first two sub-waves (1) and (2) must have completed. Wave (2) is 76.4% of wave (1) according to Fibonacci retracements. The Bitcoin price should be going down in wave (3) to a level below 41454.00, marked by sub-wave (1).

Trading plan for BTCUSD today:

Sell 43723.00,

Take profit: 41545.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 17.02.2022 | 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.

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