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Elliott wave Bitcoin analysis 30.12.2021

The Bitcoin market is developing corrective wave [B] as a double three (W) – (X) – (Y). This corrective wave includes fully completed sub-waves (W) – (X). An upward actionary wave (Y) is currently developing as a triple zigzag W-X-Y-XX-Z. Pay attention to the last part of this pattern. Perhaps, the price decline within linking wave XX has ended, and now the actionary wave Z is starting to unfold. This wave may take the shape of a simple zigzag [A] – [B] – [C], as shown in the chart. The first impulsive wave [A] is likely to end at the previous high of 52000.00.

Trading plan for BTCUSD today:

Buy 46750.00,

TP 52000.00

LiteFinance: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (30 December 2021) | LiteFinance


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