Short-term forecast for BTCUSD, XRPUSD and ETHUSD 15.09.2021

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 market is following the planned scenario for all three cryptocurrency pairs covered in the article. There are forming initial parts of bearish impulses.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The most recent section of the BTCUSD price chart displays the beginning of the new down wave unfolding as an impulse. The down wave 1 finished, and correction 2 completed as a triple zigzag. The Bitcoin price should be declining in impulse wave 3 to a level below 41800.00. 

Trading plan for BTCUSD today:

Sell 46975.90, TP 41800.00


Elliott wave Ripple analysis

The XRPUSD market continues declining in the new downtrend. There must be forming a bearish wave, with the first two sub-waves completed inside. The third wave has just started forming. Sub-waves [1] – [2] have finished in wave 3. The Ripple price should be moving down towards a level of 0.950 and lower.

Trading plan for XRPUSD today:

Sell 1.081, TP 0.950


Elliott wave Ethereum analysis

The ETHUSD market situation is similar to that of the BTCUSD. Correction B has completed, and the market is declining in the new down wave. The first two sub-waves 1 and 2 have completed, and there is unfolding a more powerful impulse wave 3. The Ethereum price should be declining to a level below 2895.00, marked by wave 1. The Ethereum price should be declining to a level below 2895.00, marked by wave 1. One could enter sell trades in the current situation.

Trading plan for ETHUSD today:

Sell 3386.30, TP 2895.00


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. 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 your trading account.
  • Telegram chat for traders: https://t.me/liteforexengchat. We are sharing the signals and trading experience
  • Telegram channel with high-quality analytics, Forex reviews, training articles, and other useful things for traders https://t.me/liteforex

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}} )

LEAVE A COMMENT

Your email address will not be published. Required fields are marked *