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 within a large impulse wave in the last segment of Bitcoin’s price chart. Subwave (1) is an impulse 1-2-3-4-5. Correction (2) is currently unfolding, presumably as a zigzag A-B-C. Its impulse subwave A is completed, and the price is growing in correction B, which may equal 61.8% of wave A. Thus, the price may rise to the level of 68896.00.
Trading plan for BTCUSD for today:
Buy 65490.70, Take profit: 68896.00… Read full author’s opinion and review in blog of #LiteFinance
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