Logo

Posts

Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (October 15 2020)

2020-10-15

2020-10-15

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 15.10.2020Roman 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.

All the three cryptocurrencies are forming final fifth waves. Therefore, the markets should be going up today.

The article covers the following subjects:

Elliott wave Bitcoin analysis

Bitcoin continues forming the corrective linking wave [X] as a double zigzag (W)-(X)-(Y). The sub-waves (W) and (X) have completed, and wave (Y) is about to finish soon as a double zigzag. The market is now rising in the impulse wave [c] that is composed of five sub-waves (1)-(2)-(3)-(4)-(5). The bear corrective wave (4) has completed, so the market should be rising in wave (5) to a level of 11944.00.

Trading plan for [BTCUSD][1] today:

Buy 11374.00, TP 11944.00

Elliott wave Ripple analysis

There is forming the middle part of the large down zigzag. That is corrective wave B unfolding as a zigzag [a]-[b]-[c]. Wave [c] of this zigzag is still developing as an ending diagonal. The corrective wave 4 has completed as a double zigzag. Therefore, the price should be rising in wave 5 to a level of 0.266.

Trading plan for [XRPUSD][2] today:

Buy 0.245, TP 0.266

Elliott wave Ethereum analysis

The most recent section of the ETHUSD price chart displays the final zigzag [Y], which is composed of three motive sub-waves (A)-(B)-©. Wave (A) is a simple impulse, correction (B) is a standard zigzag, wave © is also an impulse currently unfolding. The first four legs of this impulse have completed, and there is now developing the final wave 5. The market should be rising in wave 5 to a level of 400.37.

Trading plan  [ETHUSD][3] today:

Buy 375.19, 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-15102020&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-15102020&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus