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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.

The cryptocurrencies are moving according to the scenarios suggested earlier.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD market is forming the potential double zigzag (W)-(X)-(Y), with the first motive wave completed inside as a standard zigzag. The bearish linking wave (X) is currently developing as a standard zigzag A-B-C. The final sub-wave of this zigzag, wave C should complete as an ending diagonal [1]-[2]-[3]-[4]-[5] at a level of 18460.00.

Trading plan for BTCUSD today:

Sell 19594.00, Take profit: 18460.00

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Elliott wave Ripple analysis

The XRPUSD is forming the upward linking wave (X) as a triple zigzag W-X-Y-XX-Z. The bearish linking wave XX is currently developing as a double zigzag [W]-[X]-[Y], where wave [Y] is a triple zigzag (W)-(X)-(Y)-(XX)-(Z) of a smaller degree. The pattern should end at a level of 0.413, the low marked by wave [W].

Trading plan for XRPUSD today:

Sell 0.454 Take profit: 0.413

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Elliott wave Ethereum analysis

The ETHUSD market is forming a descending impulse (C) that should conclude the linking wave [X] of a larger degree. The (C) wave is composed of five sub-waves 1-2-3-4-5. A sideways correction 4 must have completed as a contracting triangle [A]-[B]-[C]-[D]-[E]. The Ethereum price should continue falling in sub-wave 5 to a level of 1150.00, where wave [X] will be 76.4% of wave [Y].

Trading plan for ETHUSD today:

Sell 1326.86, Take profit: 1150.00

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