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Elliott wave Bitcoin analysis 18.11.2021

The BTCUSD market is forming the global corrective trend, with the upward wave (A) completed inside as a bullish five-wave impulse. There is unfolding the beginning of the bearish wave. There could be unfolding an impulse sub-wave, with the first two sub-waves 1 and 2 completed inside. The Bitcoin price should go up to level 64360.55 following a short corrective wave [2]. Next, the market will resume declining. One could consider entering buy trades in the current situation.

Trading plan for BTCUSD today:

Buy 60256.50, TP 64360.55

LiteForex: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (18 November 2021) | LiteForex
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