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 is expected to rally and last Friday we say a break out type rally that has come back to origin. Still expecting the low to hold and looking for the next legg higher. We are concluding the first major wave up on BTC, likely 45000 by March 27th. Major degree wave Y is still to come, more upside to come in BTC.
ETHUSD – Higher low here on ETH and already a new high. BTC should follow. Continuation higher expected with a floor at 1100, expecting 1600 by March high window.
LTCUSD – Wave Y has completed and wave X retrace completed and a higher low is likely in. Need to convert monthly pivot at 141.72 to open higher highs and the March window and 220. Expecting more upside on LTC and Cryptos
Crypto’s retracement pattern appears to be complete and ETH is leading to the upside, BTC and LTC should follow. More upside is expected into the March high window. These pairs will continue their bullish run as the USD continue to fall throughout the year. I remain bullish Crypto’s. Trade Smart and Trade Safe.
31st Jan 2021