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 —
A marginal higher high which sets up negative D on RSI, a noce short setup here. Still looking for a wave X next then higher highs into next year. There is now an overthrow of a trend line and likely target for wave X is into 13600-800 and then higher to target. Still expecting higher highs from BTC.
ETHUSD – A marginal higher high here also which sets up negative D on RSI which is a decent setup short. Expecting this week to see the pull back for wave X then higher highs into March as discussed.
LTCUSD – LTC has also made a higher high and has a very nice negative D setup and looking for a pull back. 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.
BTC is in wave Y and is topping out. BTC 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 as the impulse higher is very small. I remain bullish Cryptos into March 2021. Trade Smart and Trade Safe.
15th Nov 2020