.jpg)
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 is forming a corrective wave (4) as a skewed triangle. The triangle should soon finish. The final wave E should conclude the corrective wave (4). Therefore, the Bitcoin price should be declining in wave E, unfolding as a zig-zag [A]-[B]-[C], to a level of 66578.00, located at the support line.
Trading plan for BTCUSD today:
Sell 70540.60, Take profit: 66578.00
Elliott wave Ripple analysis
The XRPUSD market continues forming the linking wave [X] as a zigzag (A)-(B)-(C). The leading diagonal (A) and correction (B) must have finished. The bearish wave (C) should be developing as an ending diagonal. Sub-wave 4 is likely to have ended within wave (C). The Ripple price is declining in a zigzag-shaped wave 5 to a level of 0.556.
Trading plan for XRPUSD today:
Sell 0.613, Take profit: 0.556
Elliott wave Ethereum analysis
The ETHUSD market continues forming correction (4) as a zigzag A-B-C. The first sub-wave A has completed as an impulse [1]-[2]-[3]-[4]-[5]. Correction B could have finished as a double zigzag [W]-[X]-[Y]. The Ethereum price should be declining in the C impulse to a previous low of 3060.33, marked by the A impulse.
Trading plan for ETHUSD for today:
Sell 3556.67, Take profit: 3060.33
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/litefinance
Price chart of BTCUSD in real time mode
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.
