Elliott wave Bitcoin analysis 21.03.2022

The hourly BTCUSD chart displays the structure of the global triangle pattern. The second corrective wave [B] has completed within the triangle, and the price has been rising in sub-wave [C]. The [C] wave must be unfolding as a double zigzag (W)-(X)-(Y). Let us have a look at the final motive wave (Y) currently unfolding as a double zigzag W-X-Y, which is about to end. The Bitcoin price should be rising in the (C) impulse to a level of 45280.00, marked by the motive wave (W).

Trading plan for BTCUSD today:

Buy 41171.50.

Take profit: 45280.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 21.03.2022 | LiteFinance

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