Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 04.01.2024

Dear readers,

I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.

Elliott Wave analysis for Bitcoin

Bitcoin has likely finished forming the linking wave X that looks like a zigzag [A]-[B]-[C]. The triangle correction (4) is formed as part of the ultimate impulse wave [C]. The price could be declining in a new bearish wave that looks like an impulse (1)-(2)-(3)-(4)-(5). The subwaves (1)-(2) are probably completed. The price is expected to fall in subwave (3) to the low at 36,706.00.

Trading plan for BTCUSD for today:

Sell 43,163.49, Take profit: 36,706.00

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