Short-term forecast for BTCUSD, XRPUSD and ETHUSD 12.10.2023

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

Bitcoin is building a double zigzag W-X-Y, inside which the linking wave X is currently unfolding. This wave can take the shape of a standard zigzag [A]-[B]-[C]. Impulse [A] and correction [B] have been completed. Now, the price is declining in impulse [C]. The price will fall to 26417.00, where wave X will be 61.8% of wave W. Then expect a rise in the new wave.

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