Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 17.06.2024

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

The BTCUSD pair is forming the final part of a bullish impulse — wave [5]. The first subwave (1) may have formed as an impulse recently. Correction (2) is currently unfolding, presumably as a zigzag A-B-C. Impulse wave A is completed, and the price is growing in correction B, which may equal 61.8% of subwave A. Thus, the price may rise to the level of 69202.98.

Trading plan for BTCUSD for today:

Buy 66340.71, Take profit: 69202.98… Read full author’s opinion and review in blog of #LiteFinance