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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 XRPUSD and the ETHUSD could fall to previous lows, made in late September.

The article covers the following subjects:

Elliott wave Bitcoin analysis

After the linking wave [X] finished, the BTCUSD has been forming a new corrective pattern as a triple zigzag (W)-(X)-(Y)-(X)-(Z). So far, sub-waves (W), (X) and (Y) have finished. The second linking wave (X) should be currently unfolding as a double zigzag W-X-Y, and should soon finish. The Bitcoin price should soon finish declining, the market will turn up. The price could go up to the previous high of 20463.40, where sub-waves (Y) and X finished.

Trading plan for BTCUSD today:

Buy 19936.50, Take profit: 20463.40.

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Elliott wave Ripple analysis

The XRPUSD is forming a long-term upward corrective trend as a triple zigzag W-X-Y-XX-Z. The second linking wave XX is currently developing as a flat [A]-[B]-[C]. Sub-waves [A]-[B] have completed, and the [C] impulse should be currently forming. The Ripple price could be following the [C] impulse down to a level of 0.413, marked by sub-wave [A].

Trading plan for XRPUSD today:

Sell 0.488 Take profit: 0.413

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Elliott wave Ethereum analysis

The ETHUSD is forming the bearish linking wave [X] as a standard zigzag (A)-(B)-(C). The final impulse (C) is unfolding, with sub-waves 1-2-3-4 completed inside. Correction 4 is a double three [W]-[X]-[Y]. The Ethereum price should be falling in the final wave 5 to a level of 1214.80, where impulse 3 finished.

Trading plan for ETHUSD today:

Sell 1351.61, Take profit: 1214.80

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