Re: Elliott wave daily forecast for Bitcoin, Ripple and Ethereum
Posted: Fri Dec 04, 2020 6:54 am
Short-term forecast for BTCUSD, XRPUSD and ETHUSD 04.12.2020
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.
The market continues following the suggested scenarios. After the corrective sub-waves completed, all cryptocurrency pairs should be developing bullish impulses.
Elliott wave Bitcoin analysis
The BTCUSD market continues forming the upward impulse wave C, namely its final leg, the sub-waves [5]. Wave [5] is also an impulse. There have completed the sub-waves (1)-(2)-(3), and there is forming the corrective wave (4). This correction is composed of three sub-waves, it is a zigzag. The market should decline a little in a small impulse c. Next, we could see wave (5) conclude the bullish trend at a level of around 20000.00.
Trading plan for BTCUSD today:
Buy 19282.50. TP 20000.00
Elliott wave Ripple analysis
Like the XRPUSD market is forming the powerful impulse wave C that is composed of five sub-waves. Four legs out of five have completed within the C wave, and wave [5] is still developing. Within impulse [5], there is forming the middle leg, impulse wave (3). The price should decline a little in the final leg of the corrective sub-wave 4. Next, the price could be rising in wave 5 to a level of 0.689, as it is outlined in the chart.
Trading plan for XRPUSD today:
Buy 0.614, TP 0.689
Elliott wave Ethereum analysis
The ETHUSD market trend is similar. There is forming the global wave C composed of the sub-waves [1]-[2]-[3]-[4]-[5]. There is forming the final wave [5] an impulse. The first three legs have finished within the [5] impulse, and the correction (4) is still unfolding with the final wave c yet to complete. The market could go down a little in the c wave. Next, the market will be rising to a level of 665.00, as it is outlined in the chart.
Trading plan for ETHUSD today:
Buy 604.39, TP 665.00
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.
The market continues following the suggested scenarios. After the corrective sub-waves completed, all cryptocurrency pairs should be developing bullish impulses.
Elliott wave Bitcoin analysis
The BTCUSD market continues forming the upward impulse wave C, namely its final leg, the sub-waves [5]. Wave [5] is also an impulse. There have completed the sub-waves (1)-(2)-(3), and there is forming the corrective wave (4). This correction is composed of three sub-waves, it is a zigzag. The market should decline a little in a small impulse c. Next, we could see wave (5) conclude the bullish trend at a level of around 20000.00.
Trading plan for BTCUSD today:
Buy 19282.50. TP 20000.00
Elliott wave Ripple analysis
Like the XRPUSD market is forming the powerful impulse wave C that is composed of five sub-waves. Four legs out of five have completed within the C wave, and wave [5] is still developing. Within impulse [5], there is forming the middle leg, impulse wave (3). The price should decline a little in the final leg of the corrective sub-wave 4. Next, the price could be rising in wave 5 to a level of 0.689, as it is outlined in the chart.
Trading plan for XRPUSD today:
Buy 0.614, TP 0.689
Elliott wave Ethereum analysis
The ETHUSD market trend is similar. There is forming the global wave C composed of the sub-waves [1]-[2]-[3]-[4]-[5]. There is forming the final wave [5] an impulse. The first three legs have finished within the [5] impulse, and the correction (4) is still unfolding with the final wave c yet to complete. The market could go down a little in the c wave. Next, the market will be rising to a level of 665.00, as it is outlined in the chart.
Trading plan for ETHUSD today:
Buy 604.39, TP 665.00
For more information follow the link to the website of the LiteForex
https://www.liteforex.com/blog/analysts ... &cid=79634