Elliott wave Bitcoin analysis 21.01.2022

The large motive wave continues developing as a simple zigzag [A]-[B]-[C]. There is forming its final impulse wave [C] composed of five sub-waves (1)-(2)-(3)-(4)-(5). Corrective wave (4) has completed earlier than expected as a double three W-X-Y. The price must be moving in the impulse wave (5) to a level of 37000.00. At this level, wave W could complete, and there will start a new bullish wave.

Trading plan for BTCUSD today:

Sell 38828.50, Take profit: 37000.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 21.01.2022 | LiteFinance

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