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.
The article covers the following subjects:
Elliott wave Bitcoin analysis
The BTCUSD market continues to form a bearish correction B. Inside it, the last sub-wave [C] is unfolding. Wave [C] can take the shape of a simple impulse (1)-(2)-(3)-(4)-(5), as shown in the chart. Shortly expect a price decrease in the final sub-wave (5) approximately to 25238.12. At this level, correction B will be 50% of impulse A.
Trading plan for BTCUSD today:
Sell 26265.11, Take profit: 25238.12
Elliott wave Ripple analysis
Wave X is unfolding as a double zigzag [W]-[X]-[Y]. The final sub-wave [Y] is being built inside wave X. The actionary wave [Y] will take the shape of the standard impulse (A)-(B)-(C). The first sub-wave (A) has been completed as an impulse. Correction (B) is currently unfolding. Soon impulse C will complete a correction (B) around 0.480, after which bears could push down the price to a low of 0.408.
Trading plan for XRPUSD today:
Buy 0.449, Take profit: 0.480
Elliott wave Ethereum analysis
The ETHUSD market continues to build a downward correction [B] as a standard zigzag. The most recent chart section displays the formation of its last wave (C). Judging by the internal structure, wave (C) will take the shape of a standard impulse 1-2-3-4-5, as shown in the chart. The price will drop to the level of 1672.00, where wave [B] will be 61.8% of the impulse [A].
Trading plan for ETHUSD for today:
Sell 1782.20, Take profit: 1672.00
P.S. Did you like my article? Share it in social networks: it will be the best “thank you” 🙂
Ask me questions and comment below. I’ll be glad to answer your questions and give necessary explanations.
Useful links:
- I recommend trying to trade with a reliable broker here. The system allows you to trade by yourself or copy successful traders from all across the globe.
- Use my promo-code BLOG for getting deposit bonus 50% on LiteFinance platform. Just enter this code in the appropriate field while depositing your trading account.
- Telegram chat for traders: https://t.me/litefinancebrokerchat. We are sharing the signals and trading experience
- Telegram channel with high-quality analytics, Forex reviews, training articles, and other useful things for traders https://t.me/liteforex
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.
