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Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (13 January 2021)

2021-01-13

2021-01-13

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 13.01.2021Roman Onegin

I welcome my readers!

I have prepared a short-term cryptocurrency forecast based on Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.

The Bitcoin bullish trend could end at a level of 50000.00.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD market continues forming the final impulse wave (5) of [5]. The price rose to high levels in the third wave of impulse (5); next, it rolled down slightly in the zigzag-shaped correction 4. The corrective wave 4 has most likely been completed, so the price should be rising in the final sub-wave 5. The market could be rising to a level of 50000.00.

Trading plan for [BTCUSD][1] today:

Buy 32921.50 TP 50000.00

Elliott wave Ripple analysis

The hourly XRPUSD price chart displays the final leg of the bearish correction B, which has a complex structure. The correction finished in late December 2020; next, the market turned up and started rising. There is now unfolding the initial leg of the bullish impulse. After the impulse wave (1) finished, the price started declining, forming the corrective wave (2) as a zigzag a-b-c. The impulse wave a and the correction b look complete, so the price should be moving down in the c impulse to a level of 0.200.

Trading plan for [XRPUSD][2] today:

Sell 0.286, TP 0.200

Elliott wave Ethereum analysis

After the upward impulse wave C finished, the price started declining in the new downtrend. There must be forming the first impulse wave [A] of the bearish regular zigzag [A]-[B]-[C]. The first four legs of the [A] wave could have completed, so there should be developing impulse (5). Impulse (5) could finish at a level of 784.00. When the [A] wave completes, the market will start rising in the correction [B].

Trading plan for  [ETHUSD][3] today:

Sell 1010.53, TP 784.00

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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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Price chart of BTCUSD in real time mode

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-13012021&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-13012021&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus