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 — The base trend line should continue to hold and looking for the initial move to finish 5 up. Once seen retest 50% back and continuation higheer into mid-April expected. . Mind your stops below the low as a break of the base trend line will see a big exhale.
ETHUSD — Looks like a flag, but I am expecting to see a pop higher and then a 50% back retest before seeing higher highs. Mind your stops in this environment as a break of the low may bring big selling.
LTCUSD – Watch for a small move higher to finish the initial rally early this week. A pop lower that holds the low is a buy here and I am expecting continuation higher once the low is tested.
The base trend line must hold on BTC, this week is a critical juncture as we will retest the low. Any penetration of the previous low should bring big selling, mind your stops. Do not be long below this trend line as we could see an exit into cash.. Trade Smart and Trade Safe.
29th Mar 2020