Elliott wave Bitcoin analysis 19.11.2021

The BTCUSD market has finished the upward wave (A) as a 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 bearish sub-wave [1] is currently developing as an impulse (1)-(2)-(3)-(4)-(5), which should complete at a level of 53550.00. Next, the price could start rising in correction [2] as outlined in the chart.

Trading plan for BTCUSD today:

Sell 56177.50, TP 53550.00

LiteForex: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (19 November 2021) | LiteForex
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