Elliott wave Bitcoin analysis 29.11.2021

The BTCUSD market must be forming the descending simple zigzag (A)-(B)-(C). The first sub-wave (A) has completed, it is composed of sub-waves 1-2-3-4-5. Therefore, there is unfolding the initial part of the upward correction as a simple zigzag A-B-C. The first impulse wave A should end around the high of 60000.00, marked by sub-wave [W].

Trading plan for BTCUSD today:

Buy 57366.50,

TP 60000.00

LiteFinance: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (29 November 2021) | LiteFinance

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