Elliott wave Bitcoin analysis 17.12.2021

The BTCUSD continues forming the upward correction [B] as a double zigzag (W)-(X)-(Y). The first two sub-waves of this pattern have been completed, and there is unfolding the final motive wave (Y) as a triple zigzag, as outlined in the chart. The entire pattern should complete at a level of 55050.00, where the [B] wave will retrace the [A] impulse by 50%.

Trading plan for BTCUSD today:

Buy 47854.50,

TP 55050.00

LiteFinance: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (17 December 2021) | LiteFinance

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