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Short-term forecast for BTCUSD, XRPUSD and ETHUSD 08.05.2023 | LiteFinance

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 08.05.2023

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



Downward correction B is unfolding as a standard zigzag [A]-[B]-[C]. Impulse [A] and correction [B] are fully completed. The final wave [C], most likely, will take the shape of a simple five-wave impulse (1)-(2)-(3)-(4)-(5). This impulse is expected to end around 25300.00. At this level, correction B will be 50% of impulse A.

Trading plan for BTCUSD today:

Sell 28152.83, Take profit: 25300.00


Elliott wave Ripple analysis



The... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/42jisrl