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Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD
The H4 chart of Bitcoin shows the formation of the second half of the bullish impulse [1]-[2]-[3]-[4]-[5]. Wave [3] has been completed, and the price is now declining in the corrective wave [4], which may form as a triple zigzag (W)-(X)-(Y)-(XX)-(Z). Wave (Y) and the linking wave (XX) have recently been completed in the form of simple zigzags. The first part of wave (Z) is unfolding in the last segment of the chart. The price will likely drop to the 80,842.71 low. From a global perspective, XRPUSD appears to be forming a bullish impulse (1)-(2)-(3)-(4)-(5). The current chart shows corrective wave (4), forming as a ... (full story)
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