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Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 05.01.2024
Supposedly, Bitcoin has finished forming the linking wave X that looks like a zigzag [A]-[B]-[C]. The triangle correction (4) is formed as part of the ultimate impulse wave [C]. The price could be declining in a new bearish wave that may form as an impulse. Its first part, subwave [1], is currently unfolding. It may end near the low at 40,733.00 marked by subwave (3). The XRPUSD crypto-pair continues forming a second linking wave (XX) inside a triple zigzag [X]. Wave (XX) can form as a double zigzag W-X-Y, where actionary wave Y is missing for the zigzag to be complete. This wave looks like a double zigzag ... (full story)