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 — The retest is still in progress and we have not yet made target at 4613. Once seen we will see a retest of he monthly pivot or possible the lower support trend line. Right now expecting short term lower for a wave C then a reversal and first target. Cycle date in April still the main theme here.
ETHUSD — Retest in progress as mentioned last week, still expecting first target at the 100% fib, lean is lower for the first part of this week to complete wave c – then higher to first target,
LTCUSD – LTC is leading the way to the upside as seen last week. I expect this theme to continue. For now expecting lower over the next few days to complete wave C then higher into the monthly R1 at 55.76. The April high is still expected.
My lean is that the uptrend will continue, watch the the retrace to complete this week then expect a 5th wave higher to complete the short term pattern. Another retest will follow then higher prices into April. Trade smart and trade safe.