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 consolidating. I continue to look for a small move lower to finish the pattern with would be a small wave 5 of a flat then expecting a reversal and higher prices. Look for this turn this week.
ETHUSD – ETH has also made target and was against the lower bollie. Currently, I see a flag and a symmetrical 3 wave move back which should lead to a lower low and the trend line. 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. LTC may see a lower low and 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. I am expecting a reversal this week. The next move higher may be marked with a gap which is a typical wave 3 type move. Trade Smart and Trade Safe.