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Elliott wave Bitcoin analysis 25.02.2022

The BTCUSD market began to build a downtrend after the completion of the linking wave X. A bearish impulse (1)-(2)-(3)-(4)-(5) should be developing. The first three parts look complete. A bullish correction (4) is now forming. Growth within this correction is expected to the level of 40297.52, at which wave (4) will be 61.8% of the impulse sub-wave (3). In the current situation, it is profitable to consider entering purchases.

Trading plan for BTCUSD today:

Buy 38791.50.

Take profit: 40297.52.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 25.02.2022 | LiteFinance

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