Elliott wave Bitcoin analysis 02.02.2022

The BTCUSD market continues forming the bullish linking wave X as a double zigzag [W]-[X]-[Y]. The first two sub-waves of the pattern have completed. There should be developing the final wave [Y] as a double zigzag of a smaller degree. The market should be rising to a level of 41675.00, where waves [W] and [Y] will be equal.

Trading plan for BTCUSD today:

Buy 38359.58.

Take profit: 41675.00.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 02.02.2022 | LiteFinance

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