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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.
The cryptocurrency prices dropped lower than expected. New downside targets have been defined.
Elliott wave Bitcoin analysis
The hourly BTCUSD chart displays the bearish wave Y currently unfolding as a standard zigzag [A]-[B]-[C]. There is developing the down impulse wave [C] composed of five sub-waves (1)-(2)-(3)-(4)-(5). Sub-waves (1) and (2) have completed, and wave (3) is still developing. Wave (3) should end at a level of 29075.00, where it will be… Read full author’s opinion and review in blog of #LiteFinance