Crypto-Currencies: Bitcoin, Litecoin and Ethereum for December 1st

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 — Trend line break to the upside and a possible turn here. The retracement wave is likely done. Key is support at broken trend line resistance or 6600. A conversion of Monthly Pivot will confirm the turn.

 

ETHUSD — We likely see a small wave 4 and lower for 5 to set up positive D here. The wedge pattern should break up. BTC may see a higher low, and ETH can see a lower low. We are close to a reversal here. Watch for a reversal around the 131 area.

 

LTCUSD –  I am still  watching for the monthly S1 pivot for a possible test this week, we should see positive D on RSI.  LTC is oversold and a marginal lower low provides a nice setup.

 

The trend according to my cycle work is still to the upside. We are oversold across the board on Cryptos. Lean long here with a reasonable stop below. Trade Smart and Trade Safe.

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