Logo

Posts

Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (October 13 2020)

2020-10-13

2020-10-13

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 13.10.2020Roman Onegin

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 major cryptocurrency pairs forming the final segments of bullish impulses. The markets should be rising over the next few days, so, one could enter purchases.

The article covers the following subjects:

Elliott wave Bitcoin analysis

There forming the final wave in the upward double zigzag, the (Y) wave, as a double zigzag W-X-Y. There have completed two legs within this pattern, the sub-waves W and X, and there is now forming the final zigzag-shaped wave Y that is composed of the sub-waves [a]-[b]-[c]. The [c] impulse should complete soon. The market could continue rising towards a level of 11760. So, it is currently relevant to enter purchases.

Trading plan for [BTCUSD][1] today:

Buy 11470.75, TP 11760.00

Elliott wave Ripple analysis

There continues forming the corrective wave as a simple zigzag A-B-C. The impulse wave A has completed, corrective wave B is yet unfolding. Wave B is developing as a zigzag composed of the sub-waves [a]-[b]-[c]. There is now forming the bullish impulse [c] that could complete at a level of around 0.266. The market should be rising in wave 5 towards the indicated level. It is relevant to enter long trades under the current conditions.

Trading plan for [XRPUSD][2] today:

Buy 0.254, TP 0.266

Elliott wave Ethereum analysis

There is forming the corrective wave B that is an element of the down zigzag of a greater degree. The B correction is forming as a double zigzag [W]-[X]-[Y]. The first two parts of this pattern have completed, and the final wave [Y] is yet unfolding. The market must be following the final leg of the bullish impulse (С) of [Y] towards a level of 400.37. It is relevant to buy in the current situation,

Trading plan  [ETHUSD][3] today:

Buy 383.61, TP 400.37

P.S. Did you like my article? Share it in social networks: it will be the best “thank you” :)

Ask me questions and comment below. I’ll be glad to answer your questions and give necessary explanations.

Useful links:

  • I recommend trying to trade with a reliable broker [here][4]. The system allows you to trade by yourself or copy successful traders from all across the globe.
  • Use my promo-code BLOG for getting deposit bonus 50% on LiteForex platform. Just enter this code in the appropriate field while [depositing][5] your trading account.
  • Telegram chat for traders: . We are sharing the signals and trading experience
  • Telegram channel with high-quality analytics, Forex reviews, training articles, and other useful things for traders

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.

Rate this article:

{{value}}

( {{count}} {{title}} )

  1. my.liteforex.com/trading/chart?symbol=BTCUSD
  2. my.liteforex.com/trading/chart?symbol=XRPUSD
  3. my.liteforex.com/trading/chart?symbol=ETHUSD
  4. my.liteforex.com/?category=analysts-opinions&slug=short-term-forecast-for-BTCusd-xrpusd-and-ethusd-13102020&openPopup=%2Fregistration%2Fpopup&utm_source=blog&utm_medium=article&utm_campaign=bonus
  5. my.liteforex.com/deposit/?category=analysts-opinions&slug=short-term-forecast-for-BTCusd-xrpusd-and-ethusd-13102020&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus