Elliott wave Bitcoin analysis 21.12..2022

At the moment, the BTCUSD price is declining. The market began constructing an impulse wave C, consisting of sub-waves [1]-[2]-[3]-[4]-[5]. This wave is the final in the unfolding bearish zigzag (Y). Correction [4] has been completed, so soon, the price will continue to decline in sub-wave [5] towards the level of 14700.00. At this level, impulse C will be 61.8% of wave A.

Trading plan for BTCUSD today:

Sell 16808.64,

Take profit: 14700.00.

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.