Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 24.01.2024

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

The BTCUSD market continues forming a bearish trend. An impulse composed of sub-waves (1)-(2)-(3)-(4)-(5) should be unfolding. The first wave (1) has completed as an impulse 1-2-3-4-5. Correction (2) should be driving the price up to a level of 42474.00, where sub-wave (2) will be 38.2% of impulse (1). One could enter long trades under the current conditions.

Trading plan for BTCUSD today:

Buy 39702.32, Take profit: 42474.00

Elliott wave Ripple analysis… Read full author’s opinion and review in blog of #LiteFinance