Re: Elliott wave daily forecast for Bitcoin, Ripple and Ethereum
Posted: Fri Oct 09, 2020 6:02 am
Short-term forecast for BTCUSD, XRPUSD and ETHUSD 09.10.2020
I welcome my readers!
I have prepared a short-term cryptocurrency forecast based on Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I suggest entry signals to trade each cryptocurrency.
All cryptocurrency pairs are forming the bullish impulse sub-waves of a smaller degree, which are half-complete. Therefore, one could enter long trades on the Bitcoin, Ripple, Ethereum.
Elliott wave Bitcoin analysis
The BTCUSD market continues forming the bullish double zigzag, with the final wave (Y) developing as a double combination inside. The sub-waves W and X have completed, the final wave Y is still unfolding. It is composed of three motive sub-waves [a]--[c]. At the time of writing, the impulse wave [c] has been half-complete, so, the price should continue rising in wave [c] towards level 11315.
Trading plan for BTCUSD today:
Buy 10639.75, TP 11315.00
Elliott wave Ripple analysis
The XRPUSD market continues forming the simple down zigzag A-B-C. Wave A has completed as a five-wave impulse [1]-[2]-[3]-[4]-[5]. There is now developing the bullish correction B as a standard zigzag [a]--[c]. The upward impulse wave [c] should continue rising to a level of 0.266, it is the final leg of the zigzag.
Trading plan for XRPUSD today:
Buy 0.250, TP 0.266
Elliott wave Ethereum analysis
There is now forming the final impulse wave that is a part of the down zigzag A-B-C. The bearish impulse wave [1] finished, and the market is now rising in the corrective wave [2]. Correction [2] is composed of the sub-waves (A)-(B)-(C). The first two legs of the zigzag look complete, so the ETHUSD market should be rising in the final wave (C) towards the level of 374.61.
Trading plan ETHUSD today:
Buy 348.82, TP 374.61
For more information follow the link to the website of the LiteForex
https://www.liteforex.com/blog/analysts ... &cid=79634
I welcome my readers!
I have prepared a short-term cryptocurrency forecast based on Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I suggest entry signals to trade each cryptocurrency.
All cryptocurrency pairs are forming the bullish impulse sub-waves of a smaller degree, which are half-complete. Therefore, one could enter long trades on the Bitcoin, Ripple, Ethereum.
Elliott wave Bitcoin analysis
The BTCUSD market continues forming the bullish double zigzag, with the final wave (Y) developing as a double combination inside. The sub-waves W and X have completed, the final wave Y is still unfolding. It is composed of three motive sub-waves [a]--[c]. At the time of writing, the impulse wave [c] has been half-complete, so, the price should continue rising in wave [c] towards level 11315.
Trading plan for BTCUSD today:
Buy 10639.75, TP 11315.00
Elliott wave Ripple analysis
The XRPUSD market continues forming the simple down zigzag A-B-C. Wave A has completed as a five-wave impulse [1]-[2]-[3]-[4]-[5]. There is now developing the bullish correction B as a standard zigzag [a]--[c]. The upward impulse wave [c] should continue rising to a level of 0.266, it is the final leg of the zigzag.
Trading plan for XRPUSD today:
Buy 0.250, TP 0.266
Elliott wave Ethereum analysis
There is now forming the final impulse wave that is a part of the down zigzag A-B-C. The bearish impulse wave [1] finished, and the market is now rising in the corrective wave [2]. Correction [2] is composed of the sub-waves (A)-(B)-(C). The first two legs of the zigzag look complete, so the ETHUSD market should be rising in the final wave (C) towards the level of 374.61.
Trading plan ETHUSD today:
Buy 348.82, TP 374.61
For more information follow the link to the website of the LiteForex
https://www.liteforex.com/blog/analysts ... &cid=79634