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 — Nice short setup here with negative D and expecting a pullback into the previous floor ceiling and higher into April. Day trade only short, look for a place to add long after a three swing pull back.
ETHUSD — Half way to target and higher still expected after a pullback. Watch BTC for clues but here expect a shallow pullback into 240 or so then the next legg higher. Looking into late April for the next major high.
LTCUSD – Nice rally here on LTC and this is slightly lagging the other two cryptos. Pullback into 50 or so and a legg higher expected. Watch BTC for clues and a three back structure.
RSI is overbought and there is negative D – rally will continue but this week watching for a support test. and higher. My lean is higher into October on Cryptos. Trade Smart and Trade Safe.
16th Feb 2020