Elliott wave Bitcoin analysis 18.05.2022

The BTCUSD chart displays the structure of the motive wave Y developing as a standard zigzag [A]-[B]-[C]. The final wave [C] is currently unfolding as a five-wave impulse (1)-(2)-(3)-(4)-(5), with corrective wave (4) developing inside as a double zigzag W-X-Y. The final wave Y could also be a double zigzag [W]-[X]-[Y]. The entire pattern should finish at a level of around 32641.00.

Trading plan for BTCUSD today:

Buy 29797.00,

Take profit: 32641.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 18.05.2022 | LiteFinance

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