Elliott wave Bitcoin analysis 25.01.2022

The Bitcoin should be forming the beginning of a double zigzag. The current chart displays the down wave W that seems to have completed as a zigzag composed of three major sub-waves [A]-[B]-[C]. If the final impulse wave [C] has really finished, the rise in the price chart may indicate the beginning of the new upwave. Therefore, the Bitcoin price should be rising to a level above 39320.00. One could enter purchases in the current situation.

Trading plan for BTCUSD today:

Buy 35864.50.

Take profit: 39320.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 25.01.2022 | LiteFinance

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