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Elliott wave Bitcoin analysis   26.05.2022

The BTCUSD continues 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, with the final wave Y unfolding inside as a triple zigzag [W]-[X]-[Y]-[X]-[Z]. The zigzag should end at a level of 32620.00. At the indicated level, wave (4) will be 50% of impulse (3). One could enter buy trades in the current situation.

Trading plan for BTCUSD today:

Buy 29693.00,

Take profit: 32620.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 26.05.2022 | LiteFinance




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