Short-term forecast for BTCUSD, XRPUSD and ETHUSD 02.08.2023

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

The BTCUSD is forming a descending linking wave (X) as a double zigzag W-X-Y. The linking wave X has completed as a flat [A]-[B]-[C]. The bearish wave Y is currently unfolding and should finish at a level of 27705.14, where it will be 76.4% of the previous wave W.

Trading plan for BTCUSD today:

Sell 29632.71, Take profit: 27705.14

Elliott wave Ripple analysis

The XRPUSD market must be… Read full author’s opinion and review in blog of #LiteFinance