Bitcoin And Ripple Intraday: Elliott Wave Analysis

Oct. 19, 2021 6:59 AM ETBitcoin USD (BTC-USD)XRP-USD
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  • Be aware of final push up before correction.
  • Bitcoin eyes further higher.
  • Ripple looks to move higher.

Good morning crypto traders! Crypto market remains unchanged since yesterday and we are still looking for more upside on the intraday basis but be aware of the final push before we will see a new higher degree corrective decline.

Bitcoin, BTCUSD looks to be trading or finishing sub wave (iv) triangle correction, so wave (V) of »v« can be now in progress that can stop around all-time highs, which means that a bigger, higher degree correction can be around the corner. Support zone is 58k-54k, while bulls would be invalidated below 50k.

Bitcoin 1h Elliott Wave Analysis

Bitcoin Elliott wave

Ripple, XRPUSD made a nice three-wave A-B-C setback into projected support, ideally as part of wave (2). Well, with current strong bounce, seems like bulls are still here, so in case if rallies back to 1.1850 level, then we can easily start tracking wave (3) of a five-wave bullish cycle.

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Ripple 1h Elliott Wave Analysis

Ripple Elliott Wave

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