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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.
BTC and ETH horizontal patterns have come to an end. Expect a fall in new bearish waves.
The article covers the following subjects:
Elliott wave Bitcoin analysis
The most recent BTCUSD chart section displays the formation of a bearish double zigzag [W]-[X]-[Y]. Horizontal linking wave [X] has been completed as a double three (W)-(X)-(Y). Shortly, expect a bearish trend to appear in wave [Y], within which the price may fall to the level of 14700.00. At the indicated level, wave Y will be 61.8% of the previous wave W.
Trading plan for BTCUSD today:
Sell 16828.43, Take profit: 14700.00
Elliott wave Ripple analysis
The XRPUSD market is building a downward impulse wave C. It started to unfold after contracting triangle B had been completed. Wave C consists of sub-waves ----. The final sub-wave  is currently unfolding as the impulse (1)-(2)-(3)-(4)-(5). The completion of the last sub-wave (5) is necessary for the formation of the beforementioned impulse. The sub-wave (5) is expected to end near the low of 0.298, marked by the sub-wave (3).
Trading plan for XRPUSD today:
Sell 0.345, Take profit: 0.298
Elliott wave Ethereum analysis
The ETHUSD market is forming a double zigzag Y, consisting of sub-waves [W]-[X]-[Y]. Side linking wave [X] has been completed as a double three. Therefore, soon the price may decrease within the actionary wave [Y] towards the level of 1050.00. The target is determined using the Fibonacci extension. At this level, wave Y will be 50% of wave W.
Trading plan for ETHUSD for today:
Sell 1251.48, Take profit: 1050.00
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