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 — Nice call last week and retested the lower bollie as expected. We have punched the 3rd SD band and chances are we will rally this week. Watch the middle band for support this week to confirm the next legg higher on BTC.
ETHUSD – The X wave is in per last week’s post. This week look for the completion of the retrace into the 2nd SD Bollinger. Once seen, this is a nice area to accumulate. Looking for higher highs into September.
LTCUSD – Quite a strong impulse higher = reversion that is more volatile. Nice three down and this could complete here. Better would be to see the broken trend line resistance then higher highs. Look for a small move lower for a higher quality long setup.
Nice retrace and into the zone on BTC but a little early on LTC and ETH. Watch for a lower low across the board for a higher quality long setup. A punch on the 3rd SD on BTC is a sign. Low retest would be a great buy. 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.