Short-term forecast for BTCUSD, XRPUSD and ETHUSD 13.07.2023

2023.07.13 2023.07.13
Short-term forecast for BTCUSD, XRPUSD and ETHUSD 13.07.2023logo

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 forming an impulse wave C inside a large actionary wave (Y). Only the first three parts have been completed within wave C. Long-term correction [4], consisting of sub-waves (W)-(X)-(Y), is currently unfolding. The last actionary wave (Y) of [4] will soon be completed. Soon the price may start rising in a sub-wave [5]. Wave [5] is expected to end at the level of 32250.00.

Trading plan for BTCUSD today:

Buy 30314.56, Take profit: 32250.00

Elliott wave Ripple analysis

The Ripple market is forming an ascending double zigzag (W)-(X)-(Y), within which the first two parts, waves (W) and (X), have been completed. The final rising wave (Y) is currently unfolding. Wave (Y) will take the shape of a double zigzag W-X-Y, as shown in the chart. Shortly expect the construction of the final sub-wave (Y) inside W. The uptrend can be completed at the level of 0.582.

Trading plan for XRPUSD today:

Buy 0.468, Take profit: 0.582

Elliott wave Ethereum analysis

ETHUSD continues to build an upward impulse [C]. Complex correction (4) is currently unfolding within the bullish impulse. It has the shape of a double zigzag W-X-Y. Soon the price will end the decline and begin to rise in impulse (5). Bulls can push the market to the price level of 2143.35. In the current situation, consider opening long trades.

Trading plan for ETHUSD for today:

Buy 1868.05, Take profit: 2143.35

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Ask me questions and comment below. I’ll be glad to answer your questions and give necessary explanations.

Useful links:

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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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