Short-term forecast for BTCUSD, XRPUSD and ETHUSD 12.01.2021

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

Bitcoin continues forming the upward impulse wave. Ripple is shaping the initial element of the bullish impulse; Ethereum has started developing the bearish zigzag.

Elliott wave Bitcoin analysis

The BTCUSD market continues running up in the impulse wave 5, with the final leg developing inside. The most recent chart section displays the bullish impulse (5) of [5], which is composed of five waves 1-2-3-4-5. The zigzag-shaped bearish correction 4 seems to have… Read full author’s opinion and review in blog of #LiteForex