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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.
All three cryptocurrency pairs, covered in the article, should be falling in price. The downside targets are defined using Fibonacci instruments.
Elliott wave Bitcoin analysis
The BTCUSD market is forming a long-term correction (B) as a double zigzag. The current chart displays the structure of the motive wave Y unfolding as a double zigzag [W]-[X]-[Y], with sub-waves [W]-[X] completed inside. There is developing the motive wave [Y] as a simple zigzag (A)-(B)-(C)…. Read full author’s opinion and review in blog of #LiteFinance