Short-term forecast for BTCUSD, XRPUSD and ETHUSD 16.01.2024

BY admin admin

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 must have completed the linking wave X as a standard zigzag [A]-[B]-[C]. There has been forming a new bearish trend as an impulse (1)-(2)-(3)-(4)-(5), with the first wave (1) completed inside. The market should be rising in sub-wave (2) to a level of 46000.00, where correction (2) will retrace impulse (1) by 61.8%.

Trading plan for BTCUSD today:

Buy 42845.37, Take profit: 46000.00

Elliott wave Ripple analysis

The XRPUSD… Read full author’s opinion and review in blog of #LiteFinance

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