Elliott wave Bitcoin analysis 31.01.2022

The BTCUSD market must have completed the down motive wave W, and the bullish linking wave X is currently unfolding as a double zigzag [W]-[X]-[Y], as outlined in the chart. The first two sub-waves [W]-[X] must have finished, and the final motive wave Y is developing as a double zigzag (W)-(X)-(Y). The pattern should end at a level of 41675.00, where wave [Y] will be equal to the [W] wave.

Trading plan for BTCUSD today:

Buy 36922.00.

Take profit: 41675.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 31.01.2022 | 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.