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Elliott wave Bitcoin analysis 24.11.2021

After the large impulse wave (A) finished, there has started the initial part of the large bearish simple zigzag (A)-(B)-(C), which is an element of the bearish corrective wave. The most recent chart section displays the down wave (A), which should soon finish. The (A) wave is unfolding as a five-wave impulse 1-2-3-4-5. The final wave 5 is currently developing as an ending diagonal [1]-[2]-[3]-[4]-[5]. The price should continue declining in sub-wave [5] to a level of 54690.00.

Trading plan for BTCUSD today:

Sell 56781.50, TP 54690.00

LiteFinance: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (24 November 2021) | LiteFinance

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