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29.11.202113:25 Forex Analysis & Reviews: Wave analysis for BTC/USD on November 29, 2021

BTC/USD, H1 timeframe:

Exchange Rates 29.11.2021 analysis

Let's consider the situation of the main cryptocurrency pair in the market using wave analysis.

Looking at the hourly timeframe of the BTC/USD cryptocurrency pair, it shows that the upward impulse wave (A) was completed. After that, the price declined within the corrective wave, which takes a simple zigzag (A)-(B)-(C) form.

For almost the entire month, the price impulsively moved downwards within the bearish wave (A). At the moment, it looks completely finished and consists of five sub-waves of a smaller wave level. Therefore, we can currently see the price growth in the initial part of the upward correction wave (B). Perhaps, it will take the standard zigzag form A-B-C.

The first impulsive sub-wave of a smaller wave level may end near the price level of 60000.00, which was marked by the current wave [Y]. Following a slight adjustment in sub-wave B, growth can be continued to a higher level in sub-wave C, as shown in the graph.

Currently, opening buy deals from the current level can be considered in order to take profit at the level of 60,000.00.

Trading recommendations:

It is suggested to buy from the current level. Take profit can be considered at 60000.00.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Roman Onegin,
الخبير التحليلي لدى شركة إنستافوركس
© 2007-2022
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  • تداول بحكمة، اربح جهازا
    قم بتعبئة حسابك بمبلغ لا يقل عن 500 دولار ، واشترك في المسابقة ، واحصل على فرصة للفوز بأجهزة الجوال.
    انضم إلى المسابقة
  • فيراري من إنستافوركس
    قم بتعبئة حسابك بمبلغ لا يقل عن 1000 دولار
    انضم إلى المسابقة واربح فيراري
    إف8 تريبوتو
    انضم إلى المسابقة
  • إيداع الحظ
    قم بإيداع مبلغ 3000 دولار في حسابك واربح 1000 دولار
    انضم إلى المسابقة
  • بونص 100٪
    فرصتك الفريدة للحصول على بونص 100٪ على إيداعك
    احصل على بونص
  • بونص 55٪
    تقدم بطلب للحصول على بونص 55٪ على كل إيداع
    احصل على بونص
  • بونص 30٪
    احصل على بونص 30٪ في كل مرة تقوم فيها بتعبئة حسابك
    احصل على بونص
لا تستطيع التحدث الآن؟
اطرح سؤالك في الدردشة.