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Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (15 February 2021)

2021-02-15

2021-02-15

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 15.02.2021Roman 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 XRPUSD market should soon finish the triple zigzag. Bitcoin and Ethereum continue forming large bullish impulses.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The corrective wave 4 completed as a triple zigzag [w]-[x]-[y]-[x]-[z]. Next, the market has started rising in impulse wave 5. Most likely, the sub-waves [1]-[2]-[3] have completed in impulse 5. The market is now forming the initial element of the bearish correction [4]. Correction [4] should end as a simple zigzag (A)-(B)-©, as it is outlined in the chart. The zigzag should end at a level of around 43110.00, where wave [4] will reach 38.2% Fibonacci retracement of the bullish impulse [3].

Trading plan for [BTCUSD][1] today:

Sell 46805.50 TP 43110.00

Elliott wave Ripple analysis

The XRPUSD market has completed the bullish linking wave (X). Next, there has started forming the bearish zigzag composed of the sub-waves [A]-[B]-[C]. Impulse [A] has ended, and there is forming the final leg of the [B] correction. Correction [B] is a triple zigzag, and the price is now declining in the linking wave (xx). The market could be running down to a level of 0.481. Next, after the indicated level is reached, the Ripple price should resume rising in the medium-term.

Trading plan for [XRPUSD][2] today:

Sell 0.537, TP 0.481

Elliott wave Ethereum analysis

The ETHUSD market is forming the final leg of the large bullish trend. After the skewed triangle 4 completed, the price has started rising in the bullish impulse wave 5, whose final leg is composed of the sub-waves [iv] and [v]. Correction [iv] could end at a level around 1570.67. Next, the market can start rising in impulse [v]. At level 1570.67, the entire corrective wave [iv] will reach the Fibonacci ratio of 50% of the previous bullish impulse [iii], so the likelihood of a decline at this level is quite high.

Trading plan for  [ETHUSD][3] today:

Sell 1707.39, TP 1570.67

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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-15022021&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-15022021&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus