Short-term forecast for BTCUSD, XRPUSD and ETHUSD 05.01.2021

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I have prepared a short-term cryptocurrency forecast based on Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I suggest entry signals to trade each cryptocurrency.

The BTCUSD and ETHUSD market structures are similar. There are forming upward impulses, with bearish corrective waves developing inside.

Elliott wave Bitcoin analysis

The BTCUSD price chart displays the bullish impulse, with the final fifth wave developing inside. The fifth wave is composed of the sub-waves 1-2-3-4-5. The upward impulse wave 3 must have finished. The market has started declining following wave 4. Correction 4 should be unfolding as a standard zigzag… Read full author’s opinion and review in blog of #LiteForex