Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 31.01.2024

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 continues forming a bearish trend. Impulse (1) composed of sub-waves 1-2-3-4-5 must have completed. The market should be rising in correction (2), developing as a standard zigzag A-B-C. Wave A has finished, and the price will be corrected down in wave B. Next, the market will resume rising in impulse C, as outlined in the chart.

Trading plan for BTCUSD today:

Buy 42933.72, Take profit: 45000.00

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