The BTCUSD market is forming the contracting triangle [A]-[B]-[C]-[D]-[E]. The current chart displays the final part of the descending corrective wave [B], followed by the upward wave [C]. The [C] wave should be unfolding as a double zigzag [W]-[X]-[Y], which should soon finish. The bullish impulse wave (C), currently ongoing, could complete at a level of 45280.00, the high marked by the (W) wave.
Trading plan for BTCUSD today:
Buy 42226.50.
Take profit: 45280.00.
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.
