Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 11.06.2024

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

We see a bullish impulse wave continuing forming in Bitcoin’s chart. It consists of five sub-waves [1]-[2]-[3]-[4]-[5]. The first four parts are completed, and the final part of the impulse wave [5] is currently forming, presumably subwave (1). The price may sink in complex correction 4 to the low at 66179.77 shortly. Once that level is reached, the asset may resume growing. 

Trading plan for BTCUSD for today:

Sell 68210.37, Take profit: 66179.77

Elliott Wave analysis for… Read full author’s opinion and review in blog of #LiteFinance