Crypto-Currencies: Bitcoin, Litecoin and Ethereum for April 26th

Crypto-Currencies: Bitcoin, Litecoin and Ethereum for April 26th

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 — So far so good on the rally, looking for continuation higher this week and we need to hold the support trend line into May. I am looking for a bollinger band ride higher into the end of this month. Mind your stops below the Monthly Pivot.

 

ETHUSD — Monthly pivot converted and a rally expected with a bollinger band ride higher into May.  Monthly pivot needs to hold this week as support.

 

LTCUSD – LTC is lagging the other Crypto’s and looking for the compression pattern which may be a triangle to expand higher into May. The bollinger bands are very tight which is a precursor to an expansion. This should pop higher this week.

 

Monthly pivots as support are key this week and a continuation of the upper band rides expected. Watch LTC for the triangle to expand to the upside.  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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