Short-term forecast for BTCUSD, XRPUSD and ETHUSD 19.01.2024

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 must have completed the linking wave X as a standard zigzag [A]-[B]-[C]. There has been forming a new bearish trend as an impulse (1)-(2)-(3)-(4)-(5), with the first wave (1) and correction (2) completed inside. The Bitcoin price should be declining in impulse (3) to a level below the low of 36501.00.

Trading plan for BTCUSD today:

Sell 40993.53, Take profit: 36501.00

Elliott wave Ripple analysis

The XRPUSD is… Read full author’s opinion and review in blog of #LiteFinance