Logo

Posts

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

2021-04-13

2021-04-13

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 13.04.2021Roman 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 BTCUSD market is forming an ending diagonal. Ripple and Ethereum are rising in impulse waves.

The article covers the following subjects:

Elliott wave Bitcoin analysis

Bitcoin is forming wave 5 as an ending diagonal [1]-[2]-[3]-[4]-[5]. The first two legs of the diagonal have competed, and there is now unfolding its middle part, sub-wave [3]. Wave [3] is composed of three main sub- waves (A)-(B)-©, unfolding as a zigzag. The price has recently finished declining in correction (B), which is a double zigzag W-X-Y. There is now developing impulse ©, which is about to end soon. The fourth wave of this impulse may have completed as a skewed triangle, as its lines are directed towards the main trend. The price should be rising in wave 5 of a smaller degree to a level of 63350.00.

Trading plan for [BTCUSD][1] today:

Buy 60607.50, TP 63350.00

Elliott wave Ripple analysis

The market continues rising in the impulse wave, which started developing after the large triangle correction had finished. There have completed waves (1) and (2), and there is now developing the bullish impulse (3). Wave (3) is composed of sub-waves 1-2-3-4-5. The impulse sub-wave 3 has correction [4], finished as a double three. Corrective sub-wave 4 is a triangle. The sideways wave 4 could have completed, so the price should be rising in the final fifth wave to a level of 1.730. One could enter purchases in the current situation.

Trading plan for [XRPUSD][2] today:

Buy 1.431, TP 1.730

Elliott wave Ethereum analysis

The ETHUSD market continues developing the final leg of a large impulse wave C. Let us look at the upward wave 5, currently unfolding as a regular impulse. Its fourth wave, correction [4], must have completed as a double three (W)-(X)-(Y). If the assumption is correct, the price should be rising in the fifth wave to a level of 2300.00. Next, there should start a new bearish trend with a target below the low of 1540.00.

Trading plan for [ETHUSD][3] **** today:

Buy 2163.06, TP 2300.00

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

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.

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-13042021&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-13042021&promo_code=BLOG&utm_source=blog&utm_medium=article&utm_campaign=bonus