Logo

Posts

Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (14 January 2021)

2021-01-14

2021-01-14

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 14.01.2021Roman 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.

Ethereum is forming the initial element of a bearish trend. Ripple is forming the corrective wave (2) of the upward impulse. Bitcoin is about to finish the bearish impulse.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD market is forming the impulse wave 5, with four legs out five of a smaller degree completed inside. There is forming wave [5] as an impulse; wave [5] has also completed four legs out five within the pattern. The price is rising in the sub-wave (5), with a corrective wave completed inside as a standard zigzag. Over the next few days, there should be developing the sub-waves [3]-[4]-[5] of a smaller degree, which make up wave 5, up to a level above the previous high marked by impulse 3. Therefore, impulse 5 should end at a level above 42050.00.

Trading plan for [BTCUSD][1] today:

Buy 37201.00 TP 42050.00

Elliott wave Ripple analysis

As it is clear from the most recent chart section, the market has started developing the initial element of the bullish impulse. The upward wave (1) has complete, and the price is now declining in the corrective wave (2). Wave (2) should also complete as a standard zigzag a-b-c. Correction b seems to have finished as a double zigzag. The market should be declining in the c impulse towards a level of 0.200.

Trading plan for [XRPUSD][2] today:

Sell 0.281, TP 0.200

Elliott wave Ethereum analysis

The ETHUSD market is forming a new bearish trend. There is likely to be forming the first impulse wave of the downward zigzag [A]-[B]-[C]. The bearish correction (4) might have finished as a zigzag a-b-c within the [A] impulse. Over the next few days, the price could be declining in wave (5) to a level of 784.00. After the [A] wave ends, the market should turn up and start forming the bullish correction [B], as outlined in the chart.

Trading plan for  [ETHUSD][3] today:

Sell 1100.78, TP 784.00

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-14012021&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-14012021&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus