Elliott wave Bitcoin analysis 27.04.2022 

The BTC hourly timeframe shows that the market has completed the formation of [W]-[X] sub-waves as simple zigzags. The most recent BTCUSD chart section displays the development of the initial part of the bearish wave as an impulse (1)-(2)-(3)-(4)-(5). The bullish correction (2) has recently come to an end. Now there is a decrease within the sub-wave (3), which will end at level 34780.00. At this level, the impulse wave (3) will reach the Fibonacci level of 123.6% of wave (1).

Trading plan for BTCUSD today:

Sell 38367.50,

Take profit: 34780.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 27.04.2022 | LiteFinance

Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

Go to Register with LiteForex Platform

Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.