Crypto-Currencies: Bitcoin, Litecoin and Ethereum for March 11th

Crypto-Currencies: Bitcoin, Litecoin and Ethereum for March 11th

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.

BTC as discussed made the 11,000 area and now the wave 2 pullback now look complete as we are in the timing window and also 100% fib price target. Covert the middle Bollinger and this will  confirm the turn.

ETHUSD made the wave 1 target and the wave 2 had made the 100% fib and also the .618 retracement fib. Lookng for a conversion of the middle BB this week which will confirm a turn and we start the legg higher in wave 3.

LTCUSD has completed wave 1 as expected and we are now three down at the 100% fib target for wave 2. Looking for a turn this week and higher prices. There is a clear compression pattern here which should resolve higher. Any break of middle band this weel and this will confirm a turn.

Keep in mind that any significant move lower and the count will change. The full retracement targets are in.  Any break of the current low and we can open a full retrace of the last swing low. Middle band this week is key to the next impulse higher.

 

About the Author

Stan Nabozny
Stan is a 20 year retail trading veteran and Co-Founder of The Art of Chart. A registered Commodity Trading Advisor, his specialties include using futures and options to trade Commodities, Equities, Currencies, Precious Metals and Bonds. 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.

2 thoughts on “Crypto-Currencies: Bitcoin, Litecoin and Ethereum for March 11th

  1. Rosina Stampe - April 7, 2018 at 1:21 pm

    Thanks again for the article post.Thanks Again. Really Great.

  2. tom power - March 13, 2018 at 9:48 pm

    took a hit since yesterday, not sure if that count is still good for BTC but hey who can’t help to look at the upside