Crypto-Currencies: Bitcoin, Litecoin and Ethereum for July 11th

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 — Same as last week, no confirmation yet on the turn, the middle band is being tested. A drop in DX is in progress and looking for a break and conversion to confirm the reversal. Upside short term is expected into the upper bollie. The  band are very tight, a move is about to happen.

 

 

ETHUSD – Converting middle band and a step aheah of BTC.  Uupper band tested then middle re-tested to advance further. Looking for the upside move this week to upper band.

 

LTCUSD – LTC is reversing and no confirmation yet as the middle band is being tested. Once converted looking for a squeeze higher into the upper bollie.

 

Almost no change from last week except ETH is leading the way and is converting middle band. BTC will follow. I am still looking for a confirmed reversal and watching middle band which is still the arbitrator of success for the bulls. 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.

Written by:

Stan Nabozny

Stan is a 20 year retail trading veteran and Co-Founder of The Art of Chart. His specialties include using futures and options to trade Energies, Precious Metals, Equities, Currencies, Bonds, Softs, Grains and other commodities. Stan believes that Risk Management and Trader Psychology are more important that technical analysis and spends his time teaching and coaching other traders on these topics. Stan uses various trading systems and technical analysis approaches that integrate time and price in his work. See his latest articles here and www.huffingtonpost.com.

11th Jul 2021

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