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) has formed within a large impulse wave in 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. The impulse subwave A is completed, and the price is growing in correction B, which may equal 50% of wave A. Thus, the price may rise to the level of 67903.06.
Trading plan for BTCUSD for today:
Buy 64805.71, Take profit: 67903.06
Elliott Wave analysis for… Read full author’s opinion and review in blog of #LiteFinance
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