Short-term forecast for BTCUSD, XRPUSD and ETHUSD 15.02.2024


I welcome my readers!

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

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD market must be rising in the final impulse [C] within the linking wave X of a larger degree. Sub-waves (1)-(2)-(3)-(4) have completed within the [C] impulse, and the final impulse (5) is currently unfolding. Impulse 3 must have finished within wave (5), and the price should be going down in correction 4. Next. the Bitcoin price will go up in sub-wave 5 to a level of 55809.66, where wave (5) will be 76.4% of (3).

Trading plan for BTCUSD today:

Buy 52138.28, Take profit: 55809.66

Elliott wave Ripple analysis

The XRPUSD market must be forming a triple zigzag in the long term, with the linking wave XX completed inside as a double zigzag  [W]-[X]-[Y]. A new bullish wave is developing in the most recent chart section. Sub-waves [1] and [2] must have finished, and the Ripple price should be rising in sub-wave (3) of [3] to a level of 0.602.

Trading plan for XRPUSD today:

Buy 0.544, Take profit: 0.602

Elliott wave Ethereum analysis

The ETHUSD market is forming the final impulse wave C within the zigzag-shaped wave (Z). Sub-waves [1]-[2]-[3] must have completed within the C wave. The Ethereum price should decline in correction [4] and resume rising in the final wave [5] when correction [4] completes. The entire C wave should end at a level of 2881.88, where it will be 61.8% of wave A. 

Trading plan for ETHUSD for today:

Buy 2786.99, Take profit: 2881.88

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The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance. 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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