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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
The BTCUSD market has completed an upward impulse wave (A). Now the corrective wave (B) is unfolding as the standard A-B-C zigzag, as shown in the chart. The first impulse wave A is expected to end near the price level of 23750.00. Correction (B) will be 61.8% of the impulse (A). In the current situation, consider opening short trades.
Trading plan for BTCUSD today:
Sell 27398.89, Take profit: 23750.00... Read full author’s opinion and review in blog of #LiteFinance
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