Crypto-Currencies: Bitcoin, Litecoin and Ethereum for September 6th

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 made target and I am looking for support this week and a higher high into end of October. We are at previous resistance at black wave W, likely support here and a consolidation. Watch for a turn here this week.

 

ETHUSD – ETH has also made target and is against the lower bollie. We may see a lower low and then a reversal as ETH was stretched more that BTC. I am expecting a turn this week and higher into October 2020.

 

LTCUSD – LTC has finished the retrace and is testing the base support trend line. I am expecting a reversal this week with the other Crypto’s. LTC should follow BTC.

 

 

Crypto’s are a buy here with this pull back. Three swings back and we now have an entry. ETH may see a lower low but this week I am expecting a reversal.. Trade Smart and Trade Safe.

Written by:

Stan Nabozny

Stan is a 20 year retail trading veteran 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 www.huffingtonpost.com.

06th Sep 2020

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