Elliott wave Bitcoin analysis 23.11.2021

The most recent chart section displays the first wave of the new bearish simple zigzag (A)-(B)-(C). The (A) is unfolding as a five-wave impulse 1-2-3-4-5. The first four legs of the impulse have completed. The market is now forming the final wave 5, which could be an ending diagonal [1]-[2]-[3]-[4]-[5], as sub-wave [4] finished further than wave [1]. The price could be moving down in sub-wave [5] to a level of 54690.00.

Trading plan for BTCUSD today:

Sell 56653.50, TP 54690.00

LiteForex: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (23 November 2021) | LiteForex

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