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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.
Elliott wave Bitcoin analysis
Bitcoin continues to form correction B as a contracting triangle [A]-[B]-[C]-[D]-[E], as shown in the chart. Now the final actionary wave (Y), which serves as part of the corrective wave [C], is unfolding. It is expected to end around the level of 17900.00. At the indicated level, wave [C] will reach the 76.4% Fibonacci level of wave [B].
Trading plan for BTCUSD today:
Buy 17212.39, Take profit: 17900.00... Read full author’s opinion and review in blog of #LiteFinance
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