Crypto-Currencies: Bitcoin, Litecoin and Ethereum for March 24th

Crypto-Currencies: Bitcoin, Litecoin and Ethereum for March 24th

Crypto-currencies are now mainstream trading instruments. I am providing charts in this blog on a weekly basis. I plan to cover just three cryptos: Bitcoin, Litecoin, and Ethereum. The point of this weekly post is to show the crowd psychology behind the price movement to support high-quality trades.

BTCUSD — Still a lot of compression and not a lot of expansion yet, lean is the same which is higher into the 4613 area then higher again into mid-April time frame. No change in forecast. Need to see some movement this week, especially in ETHUSD.

 

ETHUSD — Compression here is very exaggerated, likely we will see a break higher this week. Again looking for a timing high in April. Monthly pivot is key support for now and a bollie expansion is expected this week.

 

LTCUSD – LTC continues to be the leader to the upside. A small three back which is almost complete so expecting a rally once this completed into the resistance trend line and higher into mid-April per the cycle windows.

So far no meaningful expansion and per last week, it is still expected. My lean is that the uptrend will continue into April. Trade smart and trade safe.

About the Author

Stan Nabozny
Stan is a 20 year retail trading veteran and Co-Founder of The Art of Chart. His specialties include using futures and options to trade Energies, Precious Metals, Equities, Currencies, Bonds, Softs, Grains and other commodities. Stan believes that Risk Management and Trader Psychology are more important that technical analysis and spends his time teaching and coaching other traders on these topics . Stan uses various trading systems and technical analysis approaches that integrate time and price in his work. See his latest articles here and www.huffingtonpost.com.

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