Elliott wave daily forecast for Bitcoin, Ripple and Ethereum

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Market_analytics
Posts: 34
Joined: Thu Jun 11, 2020 11:21 am

Re: Elliott wave daily forecast for Bitcoin, Ripple and Ethereum

Post by Market_analytics » Mon Sep 14, 2020 7:56 am

Elliott wave daily forecast for Bitcoin, Ripple and Ethereum
Elliott wave forecast for BTCUSD, ETHUSD, XRPUSD for today

Elliott wave BTCUSD
Image
The BTCUSD market if forming a large down double zigzag [W]-[X]-[Y]. The first leg of this double zigzag, wave [W], is now developing. It is a simple bearish zigzag (A)-(B)-(C), where the sub-waves (A) and (B) have completed, and the final impulse wave (C) is now forming. The corrective wave 4 must have completed as a double zigzag of a smaller degree. There is now should be developing the final impulse wave 5. The price should continue declining in this impulse to a level of 9700. Next, the price should turn up and start rising in the linking wave [X] towards a level of 10900.

Elliott wave XRPUSD
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The XRPUSD market is forming the down impulse wave (A), which is the beginning of the bearish zigzag of a larger degree. There is now forming the middle part of the (A) wave, impulse 3. Impulse 3 is composed of the sub-waves [1]-[2]-[3]-[4]-[5]. The deep correction [4] seems to have completed as a triple zigzag. Then, wave [5] has started. The price should be declining in the final leg of impulse 3 over the next few days. Next, the price could rise a little in correction [4]. Next, the price should resume declining in wave 5 to a level of 0.188. An approximate trajectory of the Ripple future price trend is outlined in the chart.

Elliott wave ETHUSD analysis
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The ETHUSD market is forming the down zigzag, with the bearish impulse wave A developing inside. Wave A is composed of the sub-waves [1]-[2]-[3]-[4]-[5]. The corrective wave [4] should have completed as a simple zigzag (a)-(b)-(c). Next, the market has started falling in the impulse wave [5]. The price should be declining towards a level of 300.00. Next, there could start a new uptrend as it is outlined in the chart.
For more information follow the link to the website of the LiteForex
https://www.liteforex.com/blog/analysts ... &cid=79634
Market_analytics
Posts: 34
Joined: Thu Jun 11, 2020 11:21 am

Re: Elliott wave daily forecast for Bitcoin, Ripple and Ethereum

Post by Market_analytics » Tue Sep 15, 2020 7:50 am

Elliott wave daily forecast for Bitcoin, Ripple and Ethereum
Elliott wave forecast for BTCUSD, ETHUSD, XRPUSD for today
Elliott wave BTCUSD

Image
There continues forming the down double zigzag, where the bearish zigzag-shaped wave [W] has completed. There is now forming the bullish linking wave [X]. This wave may end as a simple zigzag, composed of the sub-waves (A)-(B)-(C). The market is rising in the final impulse wave (C). This impulse should complete at a level around 11150, where wave [X] will reach 50% of the [W] zigzag according to the Fibonacci retracements.

Elliott wave XRPUSD
Image

The XRPUSD market has completed the down wave (W) as a simple zigzag. Next, the price has started rising in the linking wave (X). The (X) is also unfolding as a zigzag that is composed of three main sub-waves A-B-C. Wave A is a leading diagonal. The market must be rising in the C impulse currently. The price should be rising to a level of 0.278, where the entire linking wave [X] will be 50% of wave (W), according to Fibonacci retracements.

Elliott wave ETHUSD analysis

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The impulse wave A must have ended, and the down corrective wave B is now forming as a simple zigzag [A]--[C]. Impulse [A] and a down corrective wave have finished. Impulse [C] is still developing. The price should continue rising in the final part of the [C] impulse to a level of 418.00. At this level, the entire correction B will reach 61.8% Fibonacci level of wave A.

For more information follow the link to the website of the LiteForex
https://www.liteforex.com/blog/analysts ... &cid=79634
Market_analytics
Posts: 34
Joined: Thu Jun 11, 2020 11:21 am

Re: Elliott wave daily forecast for Bitcoin, Ripple and Ethereum

Post by Market_analytics » Wed Sep 16, 2020 9:54 am

Elliott wave daily forecast for Bitcoin, Ripple and Ethereum
Elliott wave forecast for BTCUSD, ETHUSD, XRPUSD for today

Elliott wave BTCUSD
Image
After the upward impulse wave A finished, there has started a corrective pattern unfolding as a double zigzag [W]-[X]-[Y]. The down zigzag-shaped wave [W], composed of three major sub-waves (A)-(B)-(C), looks complete. The market is now rising in the linking wave [X] that could finish as a simple zigzag. Sub-waves (A) and (B) have completed, and the market is now moving up in the final impulse wave (C). The market should be rising to a level of 11480, where the linking wave [X] will reach 61.8% Fibonacci level of the [W] zigzag.

Elliott wave XRPUSD
Image
The XRPUSD market is forming the down double zigzag (W)-(X)-(Y). The bear wave (W) finished as a simple zigzag. Next, the market has started rising in the linking wave [X] that is composed of the sub-waves A-B-C. Wave A is a leading diagonal, correction B is a standard zigzag. Correction B is likely to have completed, so, the price will be rising in impulse C to a level of 0.278. At this level, the linking wave (X) will be 50% of the wave (W). This ratio is highly likely to be reached.

Elliott wave ETHUSD analysis
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The ETHUSD market completed the large upward wave (Y). Next, a new downtrend started. There has started a down impulse wave A that is composed of five legs, sub-waves [1]-[2]-[3]-[4]-[5]. There is now forming the bullish zigzag [A]--[C], where sub-waves [A]- have completed, and the [C] impulse is yet unfolding. Correction (4) should have finished within the [C} impulse. So, the price should be rising in wave (5) to a level of 418.00. At this level, the size of the corrective wave B will be 61.8% of the A impulse, according to Fibonacci retracements.

For more information follow the link to the website of the LiteForex
https://www.liteforex.com/blog/analysts ... &cid=79634
Market_analytics
Posts: 34
Joined: Thu Jun 11, 2020 11:21 am

Re: Elliott wave daily forecast for Bitcoin, Ripple and Ethereum

Post by Market_analytics » Thu Sep 24, 2020 12:51 pm

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 24.09.2020
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

The BTCUSD is forming the down zigzag A-B-C. The price is declining in the A impulse currently ongoing. One could consider sell positions in the current situation.


Elliott wave Bitcoin analysis
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The Bitcoin market continues forming the down corrective wave B as a double zigzag [W]-[X]-[Y]. There is now unfolding the bear wave [Y]. It is a simple zigzag (A)-(B)-(C). The impulse wave (A) should complete at a level of around 9500. Next, the price could be corrected up in the upward correction (B). After that, the (C) impulse can draw the price towards level 8000. I recommend entering short positions in the current situation.

Trading plan for BTCUSD today:
Sell 10299.00, TP 9500.00

Elliott wave Ripple analysis
Image
The current XRPUSD structure is forming the downtrend. There is now developing the double zigzag (W)-(X)-(Y). Wave (W) is a simple zigzag; wave (X) is a triple zigzag. The price is now declining in the bear zigzag A-B-C. Presumably, the impulse wave A will finish at a level of 0.209. Next, the market is to be corrected up in wave B, as it is outlined in the chart.

Trading plan for XRPUSD today
Sell 0.221, TP 0.209

Elliott wave Ethereum analysis
Image
After the upward wave (Y) finished, there has started a new downtrend. There is forming the simple down zigzag A-B-C, where A is a five-wave impulse, and the B wave is a triple zigzag. After the corrective wave B completed, there finished sub-waves [1] and [2]. There is now developing the impulse wave [3] that is composed of the sub-waves (1)-(2)-(3)-(4)-(5). The price should continue declining to a level of 300.00, where wave (5) of [3] should end.

Trading plan ETHUSDtoday
Sell 323.78, TP 300.00
For more information follow the link to the website of the LiteForex
https://www.liteforex.com/blog/analysts ... &cid=79634
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