Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 25.01.2024

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), which could retrace impulse (1) by 38.2%. One could enter long trades under the current conditions.

Trading plan for BTCUSD today:

Buy 39919.26, Take profit: 42474.00

Elliott wave Ripple analysis

The XRPUSD market is forming the final part of the bearish triple zigzag. Wave (Z)… Read full author’s opinion and review in blog of #LiteFinance