Elliott wave Bitcoin analysis 21.12.2021

The BTCUSD market is forming the corrective wave [B] as a double three (W)-(X)-(Y), as clear from the most recent section of the hourly chart. The motive wave (W) has completed as a double zigzag. The linking wave (X) must have also completed as a triple zigzag. Therefore, there is unfolding the beginning of the final motive wave (Y), whose the first leg, impulse A may complete at a level of 51944.57, marked by the (W) wave.

Trading plan for BTCUSD today:

Buy 48961.50,

TP 51944.57

LiteFinance: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (21 December 2021) | LiteFinance

Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

Go to Register with LiteForex Platform

Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.