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Elliott wave Bitcoin analysis   29.03.2022

The BTCUSD may be forming the large linking wave X, which is an element of a larger zigzag, composed of sub-waves [W]-[X]-[Y]. The current chart displays the final sub-wave [Y] composed of three sub-waves (W)-(X)-(Y), where the first two legs have completed. There is unfolding the final sub-wave (Y) as a triple zigzag. The bullish momentum should finish at a level of 51226.00, where sub-wave (Y) will be 123.6% of wave (W).

Trading plan for BTCUSD today:

Buy 47526.00.

Take profit: 51226.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 29.03.2022 | LiteFinance


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