Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 16.08.2024

Dear readers,

I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.



Highlights and key points


BTCUSD: the pair may continue to correct to the high of 62783.93. Consider long trades at the current level with a take-profit at 62783.93.
XRPUSD: the price is expected to grow in the impulse wave (C) to the high of 0.654. Consider long trades at the current level with a take-profit at 0.654.
ETHUSD: the price continues to trade in correction (4). Consider long trades with a take-profit at 2732.14.


Elliott Wave analysis for Bitcoin



The BTCUSD pair is developing a complex correction [4] as a triple zigzag (W)-(X)-(Y)-(XX)-(Z). The final... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-btcusd-xrpusd-and-ethusd-for-16082024/?utm_source=telegram&utm_medium=social&utm_campaign=post

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bmopp

August 16, 2024, 2:19

Lucky Ticket Draw for Traders from Cambodia and Indonesia

Dear clients,

We are pleased to announce the launch of the Lucky Ticket Draw for traders from Cambodia and Indonesia! Do not miss your chance to win one of five valuable prizes. Winners will be drawn in stages on September 16:



Winners of two cash prizes of $500 each will be announced at 11:00 and 12:00.


Winners of two cash prizes of $1,000 each will be announced at 13:00 and 14:00.


The winner of the flagship iPhone 15 Pro Max 512GB will be determined at 15:00.



The time of the LiteFinance trading server is indicated in the schedule (GMT+3, indicated... Read more https://www.litefinance.org/company/detail/news/104755/?utm_source=telegram&utm_medium=social&utm_campaign=post

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bmopp

August 15, 2024, 15:55

REEF Cryptocurrency Trading to Cease

Dear clients,

Against the liquidity provider's decision to delist REEF, the REFUSD cryptocurrency pair (Reef vs. US Dollar) will be removed from the list of trading instruments on August 23, 2024.

On Monday, August 19, 2024, at 12:00 (LiteFinance's trading server time, GMT+3), the REFUSD pair will be switched to the "close only" mode. Please note that placing new orders and modifying current ones will become unavailable. We kindly ask you to close your open positions at your earliest convenience.

On Friday, August 23, 2024, at 12:00 (LiteFinance's trading server time, GMT+3), trading in this asset will be discontinued. All... Read more https://www.litefinance.org/company/detail/news/104777/?utm_source=telegram&utm_medium=social&utm_campaign=post

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bmopp

August 15, 2024, 10:39

Day Trading vs. Swing Trading: What's the Difference?

Trading in financial markets can bring substantial profits. However, the result largely depends on a trading method. Although risk plays a significant role in trading, having a clear strategy is essential.

Today's financial market offers a variety of trading strategies so everyone can find a suitable method. One crucial aspect of any trading strategy is time. The profit depends on the time a trader spends on a transaction. Short-term trades require more frequency, as their one-time profit is small, while long-term trading can sometimes bring a monthly target income with a single transaction.



What is day trading?



Day trading implies... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/for-beginners/trading-strategies/swing-trading-vs-day-trading/?utm_source=telegram&utm_medium=social&utm_campaign=post

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bmopp

August 15, 2024, 9:51

Pound Among Forex Leaders Again. Forecast as of 15.08.2024

The British pound has faced a roller coaster ride over this summer, influenced by political developments, the recovery of the UK economy, and the commencement of the Bank of England's monetary expansion cycle. What are the potential next steps? Let's discuss this topic and make a trading plan for the GBPUSD pair.



Highlights and key points


Britain's labor market remains strong despite slowing wages.
The UK economy is one of the G7 leaders.
The Bank of England is in no hurry to cut rates after the start in August.
The level of 1.283 is the line in the sand for the... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/pound-among-forex-leaders-again-forecast-as-of-15082024/?utm_source=telegram&utm_medium=social&utm_campaign=post

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bmopp

August 15, 2024, 8:18

Short-term Analysis for Oil, Gold, and EURUSD for 15.08.2024

I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.

Oil continues to trade in a downward correction.



Highlights and key points



USCrude: oil is approaching the support (A) 75.45 - 75.12 while trading in a downward correction within the short-term uptrend.


XAUUSD: gold is maintaining a downward correction. The target is likely at the support (A) 2429 - 2424.


EURUSD: the euro has reached the second bullish target near 1.1008... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-oil-gold-and-eurusd-for-15082024/?utm_source=telegram&utm_medium=social&utm_campaign=post

996

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bmopp

August 15, 2024, 7:14

Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 15.08.2024

Dear readers,

I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.



Highlights and key points


BTCUSD: the pair may fall to the previous low of 49073.60. Consider short trades at the current level with a take-profit at 49073.60.
XRPUSD: the price is expected to grow in the impulse wave 5 to the high of 0.654. Consider long trades at the current level with a take-profit at 0.654.
ETHUSD: the price continues to fall in the impulse (5). Consider short trades with a take-profit at 2092.35.


Elliott Wave analysis for Bitcoin



The BTCUSD pair is developing a... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-btcusd-xrpusd-and-ethusd-for-15082024/?utm_source=telegram&utm_medium=social&utm_campaign=post

950

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bmopp

August 15, 2024, 6:44

US Dollar Sticks to New Plan. Forecast as of 15.08.2024

Against the backdrop of persistent disinflation and disappointing employment statistics, the Fed is starting to express concern about the labor market. Investors should watch for shifts in the central bank's priorities. Let's discuss this topic and make a trading plan for the EURUSD pair.



Highlights and key points


The market had a subdued reaction to the US inflation data.
The Fed is starting to focus more on employment than on CPI and PCE.
Unemployment claims may increase volatility in the EURUSD.
Strong data will allow traders to build up short trades on the euro formed at 1.104.


Daily US dollar... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/us-dollar-sticks-to-new-plan-forecast-as-of-15082024/?utm_source=telegram&utm_medium=social&utm_campaign=post

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