Short-term forecast for BTCUSD, XRPUSD and ETHUSD 05.12.2023
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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 large impulse wave C, consisting of sub-waves [1]-[2]-[3]-[4]-[5], continues to develop within the actionary wave (Z). Correction [4] has already been completed as the skewed triangle (A)-(B)-(C)-(D)-(E). The price is in the initial part of the bullish impulse [5]. Its sub-waves (1)-(2) and (3) have been completed. Shortly after the completion of correction (4), expect price growth to the level of 43904.77.
Trading plan for BTCUSD today:
Buy 41785.41,… Read full author’s opinion and review in blog of #LiteFinance
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