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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 article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD continues forming the zigzag-shaped linking wave [X] composed of three sub-waves (A)-(B)-(C). The final sub-wave (C) is unfolding as an impulse 1-2-3-4-5. The first four sub-waves 1-2-3-4 have completed. The Bitcoin price should be falling in the final sub-wave [5] of 5 to a level of 18120.00, the low marked by the impulse sub-wave 3.

Trading plan for BTCUSD today:

Sell 19558.00, Take profit: 18120.00

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Elliott wave Ripple analysis

The XRPUSD market has dropped in the linking sub-wave X of the double zigzag W-X-Y. The X wave has completed as a standard zigzag [A]-[B]-[C]. The price should be rising in the Y wave, developing as a zigzag [A]-[B]-[C], as outlined in the chart. Impulse [A] should end at a level of 0.519. 

Trading plan for XRPUSD today:

Buy 0.441, Take profit: 0.519

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Elliott wave Ethereum analysis

The ETHUSD continues forming the bearish linking wave [X] as a zigzag (A)-(B)-(C). The final wave (C) is developing as an impulse 1-2-3-4-5, with the final wave 5 unfolding inside. Correction [4] must have completed within wave 5. The price should be declining in the final sub-wave [5] to a level of 1185.00, where wave (C) will be 100% of the (A) impulse.

Trading plan for ETHUSD today:

Sell 1340.49, Take profit: 1185.00

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