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Elliott wave Bitcoin analysis  18.03.2022

The BTCUSD market is forming the large corrective wave (B) as a double zigzag W-X-Y. The bearish motive wave W has completed, and there is unfolding the horizontal linking wave X as a contracting triangle [A]-[B]-[C]-[D]-[E]. The third sub-wave of the triangle will finish at a level of 42767.00, marked by the motive wave (W).

Trading plan for BTCUSD today:

Buy 40516.00.

Take profit: 42767.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 18.03.2022 | LiteFinance


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