Elliott wave Bitcoin analysis 28.02.2022

The BTCUSD market is forming a down wave as a five-wave impulse (1)-(2)-(3)-(4)-(5). The first four legs of the pattern must have completed. Corrective wave (4) has recently finished, having retraced wave (3) by 61.8%. The market should be forming impulse (5), as outlined in the chart. The price should be falling in sub-wave 3 to the low of 34222.00, marked by subwave (3). 

Trading plan for BTCUSD today:

Sell 37821.50.

Take profit: 34222.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 28.02.2022 | LiteFinance

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