Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 19.12.2024

Dear readers,

I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.

The article covers the following subjects:

Major Takeaways

  • BTCUSD: The price may rise in the fifth part of impulse (3).
  • XRPUSD: Expect an increase toward the previous high. Consider long positions with Take Profit at 3.571.
  • ETHUSD: Bullish momentum will likely drive the price upwards. Consider buying from the current level with Take Profit at 4,113.73.

Elliott Wave Analysis for Bitcoin

BTCUSD has presumably formed a correction [4] as a double zigzag (W)-(X)-(Y). A new bullish wave is developing in the last segment of the chart, potentially as an impulse (1)-(2)-(3)-(4)-(5). Its subwaves (1) and (2) are completed, and the strongest impulse wave (3) is unfolding at the moment. Subwaves 1-2-3-4 are formed within impulse (3), and the final subwave 5 may start developing soon, expected to end at around 122,447.00. At this level, the size of subwave 5 will be 74.6% of impulse 3.

Trading Plan for BTCUSD for Today:

Buy 101,257.20, Take profit: 122,447.00


Elliott Wave Analysis for Ripple

The XRPUSD chart shows a bullish impulse (1)-(2)-(3)-(4)-(5). A powerful impulse subwave (3) is presumably unfolding, with subwaves 1-2-3 potentially completed as its parts. A decline within correction 4 is most likely completed, and the first part of an impulse wave 5 is forming at the moment. The first small subwave [1] has formed, and correction [2] is presumably completed. Thus, the price is anticipated to grow in wave [3] to a high of 3.571 soon.

Trading Plan for XRPUSD for Today:

Buy 2.354, Take profit: 3.571


Elliott Wave Analysis for Ethereum

Ethereum has presumably formed a complex correction (B) as a double zigzag W-X-Y. Wave (C) is currently developing as an impulse 1-2-3-4-5. Its subwaves 1 and 2 — a leading diagonal and a zigzag — have formed. Apparently, an ascending wave 3 is unfolding as an impulse [1]-[2]-[3]-[4]-[5]. The first four subwaves look completed. The price can rise in subwave [5], with the first target at a high of 4,113.73, marked by subwave [3].

Trading Plan for ETHUSD for Today:

Buy 3,683.39, Take profit: 4,113.73


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 LiteFinance platform. Just enter this code in the appropriate field while depositing your trading account.
  • Telegram chat for traders: https://t.me/litefinancebrokerchat. 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/litefinance

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 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.

Rate this article:

{{value}} ( {{count}} {{title}} )

This post is originally published on LITEFINANCE.

  • Related Posts

    Indecision Candlestick Patterns: What Is It & How To Trade It?

    When trading on the foreign exchange market, traders tend to look for signals and indecision candlesticks on the chart. The latter are the most popular elements of technical analysis. There…

    Chaikin Oscillator: What It Is, How It Works, and How to Use It in Trading

    15Aug.202516:03 The Chaikin Oscillator Indicator is a popular technical analysis tool designed to measure the direction and strength of money flow. It is based on two exponential moving averages (EMAs)…

    Leave a Reply

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

    You Missed

    Trump Putin Summit: No Agreement on Ukraine Peace Deal

    • August 16, 2025
    Trump Putin Summit: No Agreement on Ukraine Peace Deal

    What Are Major and Exotic Currency Pairs?

    • August 16, 2025
    What Are Major and Exotic Currency Pairs?

    What Is the Dollar Index and Why Do Traders Watch It?

    • August 16, 2025
    What Is the Dollar Index and Why Do Traders Watch It?

    Weekly Report: Plus500 Client Deposits Double as MultiBank’s Revenue Jumps 20%; Are Regional Banks Ready for Crypto?

    • August 15, 2025
    Weekly Report: Plus500 Client Deposits Double as MultiBank’s Revenue Jumps 20%; Are Regional Banks Ready for Crypto?