Elliott wave Bitcoin analysis  23.03.2022

The BTCUSD market is forming the contracting triangle [A]-[B]-[C]-[D]-[E]. The current chart displays the final part of the descending corrective wave [B], followed by the upward wave [C]. The [C] wave should be unfolding as a double zigzag [W]-[X]-[Y], which should soon finish. The bullish impulse wave (C), currently ongoing, could complete at a level of 45280.00, the high marked by the (W) wave.

Trading plan for BTCUSD today:

Buy 42226.50.

Take profit: 45280.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 23.03.2022 | LiteFinance

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