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 first subwave (1) recently formed as impulse 1-2-3-4-5 in the last segment of Bitcoin’s price chart. 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 68896.00. Long positions can be considered.
Trading plan for BTCUSD for today:
Buy 65,489.35, Take profit: 68,896.00
Elliott Wave analysis for… Read full author’s opinion and review in blog of #LiteFinance
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