Crypto-Currencies: Bitcoin, Litecoin and Ethereum for March 1st

Crypto-Currencies: Bitcoin, Litecoin and Ethereum for March 1st

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 — Pulback about complete, may see another $200 lower before we see a reversal pattern. Looking this week for the flag formation to break higher and still looking into the April window for the higher high.

 

ETHUSD — Pull back playing out nicely, close to a reversal; and likely we see a marginal lower low first before the turn. Look for a reversal pattern this week and the next legg higher.

 

LTCUSD – Pull back close to complete here also and looking for a reversal pattern with a marginal lower low. Looking for a turn this week and the next step higher into April.

 

Overall the pullback is just about done, a lower low is required.  Three swings back on BTC and LTC.  Looking for a break higher this week. My lean is higher into October on Cryptos. 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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