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Elliott wave Bitcoin analysis 24.05.2022

The BTCUSD is forming the impulse down wave [C] composed of five sub-waves (1)-(2)-(3)-(4)-(5). There is developing corrective wave (4) as a double zigzag W-X-Y. Sub-waves W and X must have completed, and the final motive wave Y is unfolding as a triple zigzag. The Bitcoin price should be rising in the final motive wave [Z] to a level of 32620.00. At the indicated level, wave (4) will be 50% of impulse (3).

Trading plan for BTCUSD today:

Buy 29061.00,

Take profit: 32620.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 24.05.2022 | LiteFinance





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