Elliott wave Bitcoin analysis  27.05.2022

The BTCUSD continues forming the impulse down wave [C] composed of five sub-waves, three of which have completed. There is developing corrective wave (4) as a double zigzag W-X-Y, with waves W and X completed inside as double zigzags. The Bitcoin price should be rising in the final motive wave Y to a level of 32620.00, where wave (4) will be 50% of impulse (3).

Trading plan for BTCUSD today:

Buy 28821.50,

Take profit: 32620.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 27.05.2022 | LiteFinance

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