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Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 13.05.2024

From litefinance.org

Bitcoin continues to form a complex correction [4], consisting of sub-waves (W)-(X)-(Y)-(XX)-(Z). The first three parts have been completed. The second linking wave (XX) is currently unfolding as a standard zigzag A-B-C. The final actionary wave [Y] of correction B continues to develop. The price may fall to the level of 58785.00, at which wave B will be 76.4% of wave A. Trading plan for BTCUSD for today: Sell 60839.72, Take profit: 58785.00 {chart} After completing the linking wave XX as a double zigzag [W]-[X]-[Y], Ripple began to build the initial part of a new double zigzag. The actionary wave [W], consisting of ... (full story)

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  • Category: Technical Analysis