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Elliott wave Bitcoin analysis 28.03.2022

The BTCUSD market is moving according to the previously suggested scenario. There is forming a large triangle pattern, with the middle leg, sub-wave [C], completed inside as a double zigzag (W)-(X)-(Y). If so, the market is to start declining to a level below the previous low of 41704.00, forming a new bearish zigzag as outlined in the chart.

Trading plan for BTCUSD today:

Sell 47220.50.

Take profit: 41704.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 28.03.2022 | LiteFinance


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