Elliott wave Bitcoin analysis 22.12.2021

Corrective wave [B] is forming in the most recent BTCUSD chart section. This horizontal correction is developing as a double three (W)-(X)-(Y). The motive wave (W) has completed as a double zigzag, the (X) has finished as a triple zigzag. The Bitcoin price is rising in the initial part of the final motive wave (Y), its first impulse wave A could end at a level of 51944.57, marked by the (W) wave.

Trading plan for BTCUSD today:

Buy 49273.00,

TP 51944.57

LiteFinance: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (22 December 2021) | LiteFinance

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