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 — On the wrong side of BTC last week, there was no pull back just more expansion to the upside. There is now an overthrow of a trend line and likely higher prices after we see wave X – target for wave X is back into 13600-800 and then higher to target. Still expecting higher highs from BTC.
ETHUSD – ETH did pull back and then more upside has occurred. Less that BTC’s advance but still a significant move. This week I am looking for a pullback and higher highs into the March window. I am still bullish on ETH.
LTCUSD – LTC has pulled back and expanded higher and is in the way to the high window in March. Monthly pivot from this point forward should see support and I am expecting more upside from there. LTC has the smallest upside move of these three Cryptos.
Pull backs on LTC and ETH have broken up and BTC without a pull back has continued higher. BTC is in wave Y and it can extend, it is above a trend line in a possible overthrow. I am looking for a larger pull back for wave X and then higher prices are still expect into March. LTC has catch up to do between now and then. have begun but have more to go this week. I remain bullish into March 2021. Trade Smart and Trade Safe.