Short-term forecast for BTCUSD, XRPUSD and ETHUSD 08.01.2024

BY admin admin

I welcome my readers!

I have prepared a short-term cryptocurrency forecast based on the Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.

Elliott wave Bitcoin analysis

The BTCUSD market has completed the linking wave X as a zigzag [A]-[B]-[C]. A triangle correction (4) has formed within the final impulse [C]. The price should be declining in the bearish impulse, whose first wave [1] is currently unfolding. The Bitcoin price could go down to a level of 40733.00, the low marked by subwave (3). 

Trading plan for BTCUSD today:

Sell 43401.57, Take profit: 40733.00

Elliott wave Ripple… Read full author’s opinion and review in blog of #LiteFinance

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