Elliott wave Bitcoin analysis   19.05.2022

The BTCUSD most recent chart section is forming a descending wave [C] as an impulse (1)-(2)-(3)-(4)-(5), with corrective wave (4) developing inside as a double combination W-X-Y. Sub-waves W and X must have completed, so the price chart should be drawing the final motive wave Y, which should finish at a level of 32620.00. At the indicated level, wave (4) will be 50% of impulse (3).

Trading plan for BTCUSD today:

Buy 29163.77,

Take profit: 32620.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 19.05.2022 | LiteFinance

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