Elliott wave Bitcoin analysis 22.11.2021

The first leg of the new bearish simple zigzag (A)-(B)-(C) is currently forming. The down sub-wave (A) is unfolding as a five-wave impulse 1-2-3-4-5. The descending impulse sub-waves 1 and 3, and corrective sub-wave, zigzags, have completed. There is developing the final sub-wave 5, which should finish at a level of 54690.00. When the indicated level is reached, the market could start rising as outlined in the chart.

Trading plan for BTCUSD today:

Sell 57392.00,

TP 54690.00

LiteForex: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (22 November 2021) | LiteForex
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