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Elliott wave cryptocurrency forecast today. Elliott wave analysis Bitcoin, Ripple, Ethereum

July 21, 2020

July 21, 2020

Elliott wave daily forecast for Bitcoin, Ripple and EthereumRoman Onegin

Elliott wave forecast for BTCUSD, ETHUSD, XRPUSD for today

Elliott wave[BTCUSD][1] analysis

![LiteForex: Elliott wave cryptocurrency forecast today. Elliott wave analysis Bitcoin, Ripple, Ethereum][2]

The chart displays a part of correction [4] that seems complete. It is composed of three major sub-waves W)-(X)-(Y). There is now forming a new uptrend. There should have completed the bullish impulse (1) and the bearish correction (2). The BTCUSD market should be rising in the third wave over the next few weeks.

Elliott wave[XRPUSD][3] analysis

![LiteForex: Elliott wave cryptocurrency forecast today. Elliott wave analysis Bitcoin, Ripple, Ethereum][4]

There is forming the global upward wave [Z] as a standard zigzag (A)-(B)-©. The sub-waves (A) and (B) have completed, and there is now forming the final impulse wave © that is composed of the sub-waves 1-2-3-4-5. After the down correction 4 completed as a double zigzag [w]-[x]-[y], there has started wave 5. Wave 5 is likely to complete as a five-wave impulse. There have completed the first two parts of the new impulse, sub-waves [1] and [2], so, sub-waves [3]-[4]-[5] will be unfolding in the next few weeks, as it is outlined in the chart.

Elliott wave[ETHUSD][5] analysis

![LiteForex: Elliott wave cryptocurrency forecast today. Elliott wave analysis Bitcoin, Ripple, Ethereum][6]

The chart displays the long-term impulse wave [5], with sub-wave (5) developing inside. Wave (5) is developing as an ending diagonal. The first four elements of this diagonal have completed. There is now forming the sub-wave [5] of (5) as a simple zigzag (a)-(b)-©. After a short price decline, the (b) correction should complete, and the Ethereum price should be rising in the © impulse, as it is outlined in the chart.

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![Elliott wave daily forecast for Bitcoin, Ripple and Ethereum][9]

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.

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  1. my.liteforex.com/trading/chart?symbol=BTCUSD
  2. cdn.liteforex.com/cache/uploads/blog_post/wave-analysis-crypto/21-07-2020/BTCUSDH2.png?w=30&s=b69f048b48ee109781959722c42f6f0f
  3. my.liteforex.com/trading/chart?symbol=XRPUSD
  4. cdn.liteforex.com/cache/uploads/blog_post/wave-analysis-crypto/21-07-2020/XRPUSDH2.png?w=30&s=bedc78d79d3708d10a9b5d97deb70207
  5. my.liteforex.com/trading/chart?symbol=ETHUSD
  6. cdn.liteforex.com/cache/uploads/blog_post/wave-analysis-crypto/21-07-2020/ETHUSDH2.png?w=30&s=2b2f03f12c6b2a281d7088a00a8071de
  7. my.liteforex.com/?category=analysts-opinions&slug=elliott-wave-daily-forecast-for-bitcoin-ripple-and-Ethereum&openPopup=%2Fregistration%2Fpopup&utm_source=blog&utm_medium=article&utm_campaign=bonus
  8. my.liteforex.com/deposit/?category=analysts-opinions&slug=elliott-wave-daily-forecast-for-bitcoin-ripple-and-Ethereum&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus
  9. cdn.liteforex.com/cache/uploads/blog_post/wave-analysis-crypto/21-07-2020/BTC-eth-xrp-21-07-2020-wave-analysis.jpg?q=75&w=1000&s=76c9f4bd40ae2a60f9ef4ba396b831e2