Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 12.06.2024

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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 last segment of the chart shows the development of the final part of a bullish impulse – wave [5], with subwave (1) forming as its part. Correction 4, which includes subwaves [W]-[X]-[Y], is likely completed as part of subwave (1). The price is expected to rise in subwave 5, probably to the high of 71827.95.

Trading plan for BTCUSD for today:

Buy 67232.99, Take profit: 71827.95

Elliott Wave analysis for Ripple

Ripple is likely forming a… Read full author’s opinion and review in blog of #LiteFinance

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