Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 16.06.2025
Dear readers,
I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.
The article covers the following subjects:
Major Takeaways
- BTCUSD: A corrective wave is continuing to develop as a flat structure, with a possible decline to the 100,408.73 low. Consider sales with Take Profit at 100,408.73.
- XRPUSD: The bullish linking wave [X] is expected to complete near the previous high. Long positions with a target at 2.325 could be considered.
- ETHUSD: A decline is expected in correction 4 within impulse (A), toward the 2,306.45 low. Consider selling with Take Profit at 2,306.45.
Elliott Wave Analysis for Bitcoin
On the H4 chart of Bitcoin, we see the final segment of a large impulse wave (1)-(2)-(3)-(4)-(5), which is nearing completion. Within subwave (5), correction 4 may be forming as a flat structure [A]-[B]-[C]. The final actionary subwave [C] is expected to complete as an impulse near the previous low of 100,408.73, where subwave [A] had previously ended as a triple zigzag.
Trading Plan for BTCUSD for Today:
Sell 105,111.33, Take profit: 100,408.73
Elliott Wave Analysis for Ripple
From a global perspective, a bullish impulse (1)-(2)-(3)-(4)-(5) is developing in the XRPUSD chart. Correction (4) is still unfolding and may take the form of a triple zigzag W-X-Y-X-Z. The final actionary wave Z is likely forming as a double zigzag [W]-[X]-[Y]. The first actionary wave [W] appears complete, and the linking wave [X] is now forming. Within wave [X], subwave (X) may complete soon, potentially followed by a rise in subwave (Y) to the 2.325 high.
Trading Plan for XRPUSD for Today:
Buy 2.150, Take profit: 2.325
Elliott Wave Analysis for Ethereum
The H4 chart of ETHUSD shows a breakdown of the second section of the large correction (4). The final actionary wave Y of (4) is currently unfolding, taking the form of a double zigzag [W]-[X]-[Y]. The price is most likely moving within the linking wave [X], which appears to be developing as a zigzag (A)-(B)-(C). It’s quite possible that the price is currently rising in the first impulse (A). Correction 4 is forming at a lower wave degree, with its completion expected near the 2,306.45 low.
Trading Plan for ETHUSD for Today:
Sell 2,520.31, Take profit: 2,306.45
If you want to learn more about classic wave analysis, check out our in-depth article on the Elliott Wave Theory.
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Price chart of BTCUSD in real time mode
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