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Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (1 December 2020)

2020-12-01

2020-12-01

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 01.12.2020Roman 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.

Three major cryptocurrency pairs are following long impulse waves. There are forming final sub-waves.

The article covers the following subjects:

Elliott wave Bitcoin analysis ****

After the sideways corrective wave B completed as a contracting triangle, the price has been sharply rising in the impulse wave C. Wave C is about to end soon. There is developing the final impulse wave [5] with wave C. Wave [5] should end at a level of about 20550.00. Therefore, the BTCUSD market should be rising to this level. It is relevant to enter long positions.

Trading plan for [BTCUSD][1] today:

Buy 19642.00. TP 20550.00

Elliott wave Ripple analysis

The Ripple continues forming the bullish trend. There is forming the final wave (Y) as a simple zigzag composed of three sub-waves A-B-C. Wave A has completed as a leading diagonal, wave B is a bearish triple zigzag. There is unfolding a powerful impulse C with the four sub-waves completed inside; the final wave [5] is still developing. The price is likely to be rising to a level of 0.860. Therefore, one could enter purchases.

Trading plan for [XRPUSD][2] today:

Buy 0.650, TP 0.860

Elliott wave Ethereum analysis

The ETHUSD market continues following the final impulse wave C, which is an element of the bullish zigzag (Y) of a larger degree. There is forming the final leg of the C wave, wave [5]. Wave [5] should not be long, it could end at a level of about 665.00. It is relevant to enter long positions with a take profit at the end of the C impulse.

Trading plan for  [ETHUSD][3] today:

Buy 606.75, TP 665.00

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

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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. 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-01122020&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-01122020&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus