Short-term forecast for BTCUSD, XRPUSD and ETHUSD 16.10.2023

I welcome my readers!

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 is forming a large linking wave XX as a triple zigzag [W]-[X]-[Y]-[X]-[Z]. The linking sub-wave [X] has been recently completed. The initial part of wave [Z] is currently unfolding as a standard zigzag, as shown in the chart. Shortly, expect the price to rise to a high of 28600.00.

Trading plan for BTCUSD today:

Buy 27823.01, Take profit: 28600.00

Elliott wave Ripple analysis

Ripple builds… Read full author’s opinion and review in blog of #LiteFinance