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 broken up from the flag last week and should retest the flag resistance trend line this week. RSI is over bought and I am looking for a pull back and higher into the March timing window and 15840 . The X wave is now confirmed as in.
ETHUSD – ETH has broken the flag and should retest the support trend line this week before seeing the March high window and $500. The pull back is a good spot to add size or get long as the break up confirms the X wave is in.
LTCUSD – LTC has broken above the monthly pivot and is above weekly pivot. Very seldom does LTC break above these two levels without a retest bacl into at least weekly pivot. I am expecting a pull back this week to $49 and then continuation higher into 3-18 target of $100.
The flags on ETH and BTC have broken up which is a bullish sign. Retests in the short term are expected back into the resistance trend lines at a minimum. Should be a great buying opportunity when seen later this week. I remain bullish into March 2021. Trade Smart and Trade Safe.
25th Oct 2020