Weekly Elliott wave analysis and forecast for cryptocurrencies

Forecast for BTCUSD, LTCUSD, ETHUSD, EOSUSD, XRPUSD pairs

Elliott wave analysis for BTCUSD

In the daily chart of BTCUSD, we see the market’s fast growth in the linking wave [X] which is part of the global double zigzag [W]-[X]-[Y]. The linking wave [X] is a double zigzag too, of a smaller degree. The ultimate zigzag (Y) , which consists of sub-waves A-B-C, is forming at the moment. Let’s have a detailed look at the chart on a smaller time frame.

We see the first part of an ascending zigzag – impulse wave A – forming at the moment. This wave…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>