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 — Bounce this week as expected and likely we see a lower high and a three wave retracement pattern. Once complete the low should be retested. More upside this week on BTC.
ETHUSD – Nice advance as discussed, now finishing wave c on B then low retest is still expected. Once we see the retest, look to buy more Cryptos as the next legg up should be a wave Y.
LTCUSD – Three wave sequence top the upside should be a wave B here and look for a low retest. LTC had the largest retracement and a double bottom may play out.
Cryptos all moving in sequence into a wave B hen lower expected to retest the low. Will we make a lower low? Maybe. I am expecting the next big advance after the low retest occures. These pairs will continue their bullish run as the USD continues to fall throughout the year. I remain bullish Crypto’s. Trade Smart and Trade Safe.
07th Mar 2021