Short-term forecast for BTCUSD, XRPUSD and ETHUSD 30.10.2023


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

Bitcoin is developing an uptrend as a double zigzag W-X-Y. The first part of the final actionary wave Y, that is, wave [A], is currently unfolding. Wave [A] is similar to impulse (1)-(2)-(3)-(4)-(5). Corrective wave (4) will take the shape of a horizontal triangle A-B-C-D-E. After the completion of the triangle pattern, expect a price rise to the high of 35224.31.

Trading plan for BTCUSD today:

Buy 34286.29, Take profit: 35224.31

Elliott wave Ripple analysis

Ripple is forming the actionary wave (Z) of a large triple zigzag. It will take the shape of a standard A-B-C zigzag. Impulse A and correction B have already been completed. The last impulse wave C is currently unfolding. Sub-waves [1]-[2]-[3]-[4] have been completed within impulse C. Soon expect growth in sub-wave [5] towards the high of 0.582.

Trading plan for XRPUSD today:

Buy 0.548, Take profit: 0.582

Elliott wave Ethereum analysis

The linking wave (X), consisting of sub-waves W-X-Y, is developing right now. The final actionary wave Y is under construction. Wave Y can take the shape of a standard zigzag [A]-[B]-[C]. Impulse [A] and correction [B] have been completed. Now, the price is moving up in impulse [C]. Correction (4) will soon end inside it. Then, expect growth in sub-wave (5). Wave (5) will end at the high of 1862.98.

Trading plan for ETHUSD for today:

Buy 1783.44, Take profit: 1862.98

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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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