Short-term forecast for BTCUSD, XRPUSD and ETHUSD 04.11.2021
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I have prepared a short-term cryptocurrency forecast based on Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.
Elliott wave Bitcoin analysis
The BTCUSD market continues forming corrective wave 4 as a double three [W]-[X]-[Y]. Correction 4 has started after bullish impulse 3 completed. Sub-waves [W] and [X] have completed as double zigzags within wave 4. Next, the market has started declining in the bearish wave [Y], which should be developing for some time. Therefore, one could enter short trades at the current levels with a target at 56638.00.
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