Short-term forecast for BTCUSD, XRPUSD and ETHUSD 07.08.2023

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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 to build a downward linking wave (X) with a complex internal structure. It looks like a double zigzag, inside which sub-waves W-X have been completed. Its last part, sub-wave Y, is currently unfolding. Wave Y will take the shape of a standard zigzag [A]-[B]-[C], as shown in the chart. The first impulse sub-wave is expected to end around the level of 28252.00…. Read full author’s opinion and review in blog of #LiteFinance