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Elliott wave Bitcoin analysis 25.03.2022

The BTCUSD is forming the horizontal contracting triangle [A]-[B]-[C]-[D]-[E], with the upward wave [C] unfolding inside as a double zigzag (W)-(X)-(Y). The price could be rising to a level of 45280.00, the high marked by the motive wave (W). After the indicated level is reached, the market will be falling in sub-wave [D]. In the current situation, one could enter buy trades.

Trading plan for BTCUSD today:

Buy 44097.00.

Take profit: 45280.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 25.03.2022 | LiteFinance


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