Elliott wave Bitcoin analysis 29.12.2021

The BTCUSD market is building a horizontal correction [B], in the shape of a double three (W) – (X) – (Y). The last sub-wave (Y) is currently unfolding. Wave (Y) is developing as a triple zigzag W-X-Y-XX-Z, the completion of which requires the last fifth part, that is, an actionary sub-wave Z. Most likely, wave Z will take the shape of a simple zigzag [A] – [B] – [C], as shown on the chart. Its completion is expected around the level of 55000.00. At the indicated price level, wave [B] will be 61.8% of the impulse [A].

Trading plan for BTCUSD today:

Buy 47824.50,

TP 55000.00

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

Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

Go to Register with LiteForex Platform

Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.