Elliott wave Bitcoin analysis 28.01.2022

As one can see from the most recent price chart section, after the price had stopped falling, it turned up and started rising. The down motive wave W has completed, and the bullish linking wave X is currently developing as a double zigzag [W]-[X]-[Y], as outlined in the chart. The first two sub-waves [W]-[X] must gave completed, and the ongoing pattern should end 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 37304.00.

Take profit: 43565.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 28.01.2022 | LiteFinance

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