Crypto-Currencies: Bitcoin, Litecoin and Ethereum for October 10th

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 — No change in forecast and so far BTC has found support. BTC may have turned, but the formation is likely a flag, so watch for a high around the 23rd of October and a lower low. I am still bullish but the cycle date  is in March. Watch for 9500 in early November for a buy.

ETHUSD – No change in forecast, ETH may have higher to go but should find resistance at the monthly pivot. ETH looks like a flag is printing and likely we see a lower low to the monthly S1. Watch for support around 283 and a buy in early November.

LTCUSD – LTC has broken the trend line and will likely follow BTC. Watch for the S1 as support in early November at around $37.

Crypto’s are in a retracement pattern and the formation on BTC appears to be a flag. The retracement should continue into late October.  The next move higher will come but likely we see the lower low first. Should be a great buying opportunity when seen. Trade Smart and Trade Safe.

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