Elliott wave Bitcoin analysis   17.03.2022

The BTCUSD market is forming the corrective trend as a double zigzag W-X-Y. In late February, the motive down wave W finished, and the market has been moving sideways in the linking wave X, unfolding as a contracting triangle [A]-[B]-[C]-[D]-[E]. There is forming the middle leg of the triangle, sub-wave [C]. which should finish at a level of 42767.00, marked by sub-wave (W). Next, there will be forming sub-wave [D].

Trading plan for BTCUSD today:

Buy 41079.50.

Take profit: 42767.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 17.03.2022 | LiteFinance

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