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 — No confirmation yet on the turn, the middle band is being tested. A drop in DX is expected and looking for a break and conversion to confirm the reversal. Upside short term is expected into the upper bollie.
ETHUSD – The trend line that was a bullish overthrow has now been converted and next is the middle band. Needs to be broken and upper band tested then middle re-tested to advance further. Looking for the upside move this week to upper band.
LTCUSD – After a 70% decline, LTX is reversing and no confirmation yest as the middle band is being tested. Once converted looking for a squeeze higher into the upper bollie.
I am still looking for a confirmed reversal and watching middle band is still the arbitrator of success for the bulls. Bull must perform this week to see continuation higher on Cryptos. USD should continue to devalue and I am expecting Cryptos to continue to be bullish. I remain bullish Crypto’s. Trade Smart and Trade Safe.