Short-term forecast for BTCUSD, XRPUSD and ETHUSD 04.12.2023

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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.

Elliott wave Bitcoin analysis

Within the actionary wave (Z), Bitcoin continues to build a large impulse wave C, consisting of sub-waves [1]-[2]-[3]-[4]-[5]. Correction [4] has already been completed as a skewed triangle (A)-(B)-(C)-(D)-(E). Now, the market is developing the initial part of the bullish impulse [5]. Sub-waves (1)-(2) have been completed within the wave [5]. Shortly, expect a price rise to the level of 43904.77. Consider opening long trades.

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