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Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (19 January 2021)

2021-01-19

2021-01-19

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 19.01.2021Roman 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.

All three cryptocurrency pairs are following the suggested scenarios.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD market is forming an upward impulse wave [5] that should end soon. There is currently developing the initial element of the bullish impulse (5), sub-wave 5. Wave 5 has started unfolding after wave 4 completed as a flat composed of the sub-waves [a]-[b]-[c]. Therefore, the Bitcoin price should be growing toward a level of 50000.00. I recommend entering purchases in the current situation.

Trading plan for [BTCUSD][1] today:

Buy 36568.50 TP 50000.00

Elliott wave Ripple analysis

The XRPUSD market has started forming the upward impulse wave. There is now forming the first leg (1) of the up wave of a larger degree. Wave (1) is unfolding as a five-wave impulse composed of the sub-waves 1-2-3-4-5. The market must have completed forming the flat corrective wave 4 as a triangle, and there is now forming the upward wave 5. The Ripple price should reach level 0.380. One could enter long trades in the current situation.

Trading plan for [XRPUSD][2] today:

Buy 0.288, TP 0.380

Elliott wave Ethereum analysis

There is forming the upward impulse wave [5] that should conclude the bullish impulse C of a larger degree. Wave (5), the fifth leg of the wave [5], is currently unfolding. Waves 1-2-3-4 of this impulse must have completed, and wave 5 is about to end soon. The price should be rising in the sub-wave [5] to a level of 1450.00. One could enter purchases with a target at 1450.00.

Trading plan for  [ETHUSD][3] today:

Buy 1315.71, TP 1450.00

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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.

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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-19012021&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-19012021&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus