Crypto-Currencies: Bitcoin, Litecoin and Ethereum for November 15th

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.

Written by:

Stan Nabozny

Stan is a 20 year retail trading veteran and Co-Founder of The Art of Chart. His specialties include using futures and options to trade Energies, Precious Metals, Equities, Currencies, Bonds, Softs, Grains and other commodities. Stan believes that Risk Management and Trader Psychology are more important that technical analysis and spends his time teaching and coaching other traders on these topics. Stan uses various trading systems and technical analysis approaches that integrate time and price in his work. See his latest articles here and www.huffingtonpost.com.

15th Nov 2020

Leave a Comment

Your email address will not be published. Required fields are marked *