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Elliott wave Bitcoin analysis 23.12.2021

The BTCUSD is forming corrective wave [B] as double zigzag (W)-(X)-(Y). The descending wave (X) has completed as a triple zigzag W-X-Y-XX-Z. The chart is now forming an impulse. There must be forming wave (Y), with the first wave A unfolding inside. Wave A could finish at a level of 51945.00. An approximate trajectory of the Bitcoin future price movement is outlined in the chart.

Trading plan for BTCUSD today:

Buy 48408.50,

TP 51945.00

LiteFinance: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (23 December 2021) | LiteFinance


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