Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 07.06.2024

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Dear readers,

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

Elliott Wave analysis for Bitcoin

The impulse made of subwaves [1]-[2]-[3]-[4]-[5] is forming in BTCUSD’s chart. Its subwaves [1]-[2]-[3]-[4] are fully completed. The first subwave (1) may be forming as part of wave [5]. Correction 4 has presumably been completed recently as part of impulse (1), and the price is now growing in subwave 5, probably to 75048.50. At that level, the size of subwave 5 will be 76.4% of subwave 3 according to Fibonacci ratios.

Trading plan for BTCUSD for today:… Read full author’s opinion and review in blog of #LiteFinance

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