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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
BTCUSD continues to form an impulse wave [5], within which sub-waves (1)-(2)-(3)-(4) have been completed. Soon expect price growth in sub-wave (5) which can take the shape of the impulse or the ending diagonal. The price may rise to 28030.40, where impulse [5] will reach the 100% Fibonacci level of impulse [3]. Currently, it is profitable opening long trades.
Trading plan for BTCUSD today:
Buy 25782.44, Take profit: 28030.40
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