Short-term forecast for BTCUSD, XRPUSD and ETHUSD 14.08.2023

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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

The BTCUSD market is forming a linking wave (X) as a triple zigzag W-X-Y-XX-Z. Sub-waves W and X have been completed inside the specified triple zigzag. Its middle part, sub-wave Y, is currently unfolding. Wave Y will take the shape of a simple zigzag [A]-[B]-[C], as shown in the chart. Shortly, expect the bears to update the previous low, marked by the sub-wave [X].

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