Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 02.10.2025
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 final part of correction [B] appears to be in progress. Consider buy entries with a target at a high of 120,969.47.
- XRPUSD: A decline to the previous low is expected as part of a correction. Consider short positions, targeting 2.681.
- ETHUSD: The price is expected to decline to the previous low. Consider selling the asset with Take Profit at 3,816.75.
Elliott Wave Analysis for Bitcoin
The H4 chart of Bitcoin shows the second half of impulse 1-2-3-4-5 forming. Its first three sub-waves have already formed. A corrective sub-wave 4 is currently unfolding, taking the form of a standard zigzag [A]-[B]-[C]. Impulse [A] has been formed, and correction [B] is currently unfolding as a zigzag (A)-(B)-(C). The final impulse wave (C) may complete near the previous high, around the 120,969.47 level.
Trading Plan for BTCUSD for Today:
Buy 118,613.38, Take Profit: 120,969.47
Elliott Wave Analysis for Ripple
From a global perspective, a bullish impulse (1)-(2)-(3)-(4)-(5) is developing on the XRPUSD chart. Correction (4) has likely ended recently as a double three pattern, W-X-Y, and impulse (5) is currently unfolding. Sub-waves 1-2-3 appear to be complete, and a complex correction 4 is in progress. It is highly likely to evolve into a triple zigzag [W]-[X]-[Y]-[X]-[Z]. The final actionary wave [Z] may complete near the previous low at 2.681.
Trading Plan for XRPUSD for Today:
Sell 2.975, Take Profit: 2.681
Elliott Wave Analysis for Ethereum
The H4 chart of ETHUSD shows the breakdown of a large correction in the form of a double zigzag W-X-Y. The linking wave X is currently unfolding, potentially as a zigzag [A]-[B]-[C]. Its impulse [A] and correction [B] are complete. Impulse [C] is currently unfolding and may complete near the previous high of 4,952.70. At this level, the impulse wave (3) previously ended. However, first, expect correction (4), consisting of sub-waves W-X-Y, to complete at the low of 3,816.75.
Trading Plan for ETHUSD for Today:
Sell 4,415.93, Take Profit: 3,816.75
If you want to learn more about classic wave analysis, check out our in-depth article on the Elliott Wave Theory.
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Price chart of BTCUSD in real time mode
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