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 — BTC has reversed as discussed, we have no confirmed trend change yet as the trend line is still intact. Looking for continuation higher this week and a break of the trend line and monthly pivot. This occurs, and look for new highs early in 2020.
ETHUSD — A break of the declining resistance trend line and looking for continuation higher. A convert the monthly pivot and we have a move to new highs that is expected.
LTCUSD – A very small break of the declining resistance trend line. Chances are we have turned. We confirm on a break of the monthly pivot. Still looking for new highs.
It appears that we have reversed and the biggest signal was given by BTC. Looking for a confirmation of the turn by seeing the monthly pivot convert. FOMC this week so little volatility expected until Wednesday. Trade Smart and Trade Safe.