Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 29.01.2024

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, which could retrace impulse (1) by 61.8%. One could enter long trades under the current conditions.

Trading plan for BTCUSD today:

Buy 42177.49, Take profit: 45000.00

Elliott wave Ripple analysis

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