Short-term forecast for BTCUSD, XRPUSD and ETHUSD 16.08.2023

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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

Bitcoin continues to form a big linking wave (X) as a triple zigzag W-X-Y-XX-Z. The first two parts of this pattern have already been completed. The actionary wave Y is currently unfolding. Wave Y, like W, can take the shape of a standard zigzag [A]-[B]-[C]. Corrective wave [B] has already ended. Now the chart shows a decrease in the last impulse [C]. The bearish trend is… Read full author’s opinion and review in blog of #LiteFinance