Crypto-Currencies: Bitcoin, Litecoin and Ethereum for October 27th

Crypto-Currencies: Bitcoin, Litecoin and Ethereum for October 27th

I plan to cover just three cryptos every week in this post: Bitcoin, Litecoin, and Ethereum. These instruments provide trading opportunities with out sized gains. I hope the analysis presented here helps you profit in these instruments.

BTCUSD — BTC has reversed as discussed, we have no confirmed trend change yet as the trend line is still intact. Looking for continuation higher this week and a break of the trend line and monthly pivot. This occurs, and look for new highs early in 2020.

 

ETHUSD — A break of the declining resistance trend line and looking for continuation higher. A convert the monthly pivot and we have a move to new highs that is expected.

 

LTCUSD – A very small break of the declining resistance trend line. Chances are we have turned. We confirm on a break of the monthly pivot. Still looking for new highs.

 

It appears that we have reversed and the biggest signal was given by BTC. Looking for a confirmation of the turn by seeing the monthly pivot convert. FOMC this week so little volatility expected until Wednesday. 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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