Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 02.02.2024

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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 forming the initial part of a potential impulse. The first wave (1) has completed as an impulse 1-2-3-4-5. A bullish correction (2) is currently developing as a zigzag, with sub-wave A completed inside. Correction B is about to end soon, and the market will be rising in impulse C to a level of 45000.00, where wave (2) will be 61.8% of (1).

Trading plan for BTCUSD today:

Buy 42958.68,… Read full author’s opinion and review in blog of #LiteFinance