Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 05.06.2024

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Dear readers,

I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.

The prices of three cryptocurrencies are following the scenario we have previously identified.

Elliott Wave analysis for Bitcoin

The impulse made of subwaves [1]-[2]-[3]-[4]-[5] continues forming in Bitcoin’s chart. Subwaves [1]-[2]-[3]-[4] have formed for now. The first subwave (1) may be unfolding as part of wave [5]. Correction 4 is presumably completed as part of impulse (1), and the price is now growing in subwave 5, probably to 75,048.50. At that level, the size of subwave 5 will be 76.4% of subwave 3…. Read full author’s opinion and review in blog of #LiteFinance

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