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 — Wave B may be complete and likely path is lower to retest the low before seeing wave Y begin in earnest to the upside. We should see a print between the 2nd and 3rd SD bands which is a clear indication of a buy.
ETHUSD – Lower high and a wave B also, and looking for a retest of the low and a print between the second and third SD bands. Once seen look for the next move to the upside on ETH.
LTCUSD – A lower high here and a B wabe and likely we see a retest of the low before we see more upside. Watch for a penetration of the 2nd SD band for a buy signal.
Cryptos all moving in sequence into a wave c and none of them have made target on RSI. More downside here to finish a larger pattern lower as a flag is a likely long setup. I am expecting the next big advance after the low retest occurs. 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.