Elliott wave Bitcoin analysis  24.03.2022

The BTCUSD hourly chart displays the middle leg of the triangle pattern. The market must be forming a contracting triangle, with the upward wave [C] unfolding inside as a double zigzag (W)-(X)-(Y). The final motive (Y) is developing as a double zigzag of a smaller degree W-X-Y. The upside target could be level 45280.00, the previous high marked by sub-wave (W). After the indicated level is reached, the market will be falling in sub-wave [D].

Trading plan for BTCUSD today:

Buy 42789.50.

Take profit: 45280.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 24.03.2022 | LiteFinance

Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

Go to Register with LiteForex Platform

Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.