Short-term forecast for BTCUSD, XRPUSD and ETHUSD 16.11.2023

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 has finished building an upward impulse wave [A]. Bearish correction [B] is currently unfolding as a double zigzag (W)-(X)-(Y). The first actionary wave (W) has come to an end. Soon expect growth in the linking wave (X), and then a decline in (Y) toward 33380.40. At this level, correction [B] will be 38.2% of wave [A].

Trading plan for BTCUSD today:

Sell 37467.78, Take profit: 33380.40

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