Crypto-Currencies: Bitcoin, Litecoin and Ethereum for March 31st

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 structure appears to be a flag, price is behaving in a corrective fashion and no impulse has been seen so far. I am looking for the same cycle date as before only a lower target area into the flag channel. Once the flag completes into April 19th or so, lower lows are expected on BTC.


ETHUSD — Compression here is very exaggerated, and as I mentioned on BTC, the price action here is retracement oriented. Likely we complete the 100% fib as a three back by the April cycle date and then lower prices. Lower lows expected in ETH after April 19th.


LTCUSD – The only Crypto that is acting as if the low may be in is LTC. Th target to the upside is still the same, looking for a retest of the low  to the base trend line. The monthly S1 should hold as support and we should see LTC start the next  legg higher from there.

As discussed previously, compression usually leads to a meaningful expansion which we are not seeing on BTC and ETH. Likely this is a flag pattern that will eventually break lower and make lower lows. The only Crypto behaving like it may have turned is LTC. Time will tell if LTC will hold up, but more than likely after the April cycle date, we should see new lows on BTC and ETH.  Trade Smart and Trade Safe.

Written by:

Stan Nabozny

Stan is a 20 year retail trading veteran, CTA (Commodity Trading Advisor) 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

31st Mar 2019

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