Short-term forecast for BTCUSD, XRPUSD and ETHUSD 01.05.2023
I welcome my readers!
I have prepared a short-term cryptocurrency forecast based on the Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.
Elliott wave Bitcoin analysis
Bitcoin is forming a bearish standard zigzag consisting of sub-waves [A]-[B]-[C]. Its first part, wave [A], is currently unfolding. Wave [A] will take the shape of the leading diagonal (1)-(2)-(3)-(4)-(5). The corrective wave (4) has been recently completed. Soon expect the price decline in sub-wave (5) toward the previous low marked by impulse (3).
Trading plan for BTCUSD today:
Sell 28388.50, Take profit: 26900.00
Elliott wave Ripple analysis... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/3LoSo6K
