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Dear readers
I have prepared short -term expectations for Bitcoin, Ripple, and Ethereum based on an ELLIOTT wave analysis.
The article covers the following topics:
Main meals
- BTCUSD: The price is expected to decrease to the lowest level. Consider short positions of the current level with profit at 76,742.00.
- XRPUSD: Expect a decrease in the Z. Think of opening short positions with profit at 1.890.
- Ethusd: The last part of the Habbudian wave (C) may be completed as a final diameter. Consider selling from the current level with profit at 1,607.36.
Elliott wave analysis for Bitcoin
The bullish wave develops in the last part of Bitcoina plan. It can be formed as a batch (1)-(2)-(3)-(4)-(5). Sub -waves (1) and (2) have been completed, and the motivation (3) may also be formed. The complex correction (4) appears to be revealed as a triple zigzag. The sub -wave z under progress and it has been completed as a tranquility [A]-[B]-[C]. The price is likely to decrease to the lowest level of 76,742.00 – which is a level [A] From Y completion.
BTCUSD trading plan for today:
Sell 83,209.45, take profits: 76,742.00.
Elliott wave analysis of ripples
From a global perspective, the upscale motivation (1)-(2)-(3)-(4)-(5) is developed in xrpusd table. The large sub -wave (3) is likely to be completed, and the correction (4) began to develop as a complex horizontal structure. Triple Zigzag Wxyxz is likely to be formed. It seems that the X’s hypothalamus has been completed recently, followed by a decrease in Subwave Z, which takes a dual -shaped shape [W]-[X]-[Y]. The price may decrease to the previous minimum of 1.890, characterized by the descending kinetic wave [W] In a zigzag form (a)-(b)-(c).
XRPUSD trading plan for today:
Sell 2.038, take profits: 1.890.
Elliott wave analysis of ethereum
H4 chart from ethusd The collapse of a large correction (b). It is likely to be formed as a double zigzag. The y wave is revealed as a double zigzag [W]-[X]-[Y]In order to complete the final end of the end -of -ethnic sub -wave [Y] required. Inside the wave [Y]The final sub -wave (C) is revealed. It appears to take a final diagonal form 1-2-3-4-5 and will be supposed to be completed near a decrease of 1,607.36. At this level, the sub -wave size will be 5 61.8 % of the 3 wave.
Hythos trading plan for today:
Sell 1,821.19, take profits: 1,607.36.
If you want to learn more about the classic wave analysis, check out Our in -depth article on Elliot wave theory.
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BTCUSD price scheme in real time
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