Elliott wave Bitcoin analysis 27.01.2022

The BTCUSD market completed the down motive wave W, and the price has turned up, following the bullish linking wave X, unfolding as a double zigzag [W]-[X]-[Y], as outlined in the chart. The first two legs of the zigzag, [W]-[X], must have completed. The pattern will complete at a level of 43565.00, marked by corrective wave (4). One could enter purchases in the current situation.

Trading plan for BTCUSD today:

Buy 35831.50.

Take profit: 43565.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 27.01.2022 | LiteFinance

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