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Dear readers
I have prepared short -term expectations for Bitcoin, Ripple, and Ethereum based on an ELLIOTT wave analysis.
The markets have collapsed more than expected.
The article covers the following topics:
Main meals
- BTCUSD: Expect a decrease in motivation [C]. Consider short positions of the current level with profit at 70,912.49.
- XRPUSD: Expect a decrease in the Z. Think of opening short positions with profit at 1.491.
- 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 1,304.75.
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]. Her sub -waves [A] and [B] It is likely to be formed, and the price decreases in the motivation [C]It is supposed to be 123.6 % of the motivation [A] According to Fibonacci proportions. Thus, consider opening short sites with 70,912.49.
BTCUSD trading plan for today:
Sell 75,004.38, take profits: 70,912.49
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 1.491. At this level, waves [W] and [Y] It will be equal in size.
XRPUSD trading plan for today:
Sell 1.663, take profits: 1.491
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 diagonal shape at the end of 1-2-3-4-5 and is supposed to be completed near a decrease of 1,304.75. At this level, the sub -wave size will be 5 100 % of the 3 wave.
Hythos trading plan for today:
Sell 1,484.56, take profits: 1,304.75
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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