Crypto-Currencies: Bitcoin, Litecoin and Ethereum for July 18th

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 break of middle band yet, and a retest of the swing low is in progress which I expect to hold. Bands are extremely sight, an expansion is coming and likely to the upper bollie then a conversion of middle band.  A drop in DX is in progress which should support higher prices in this pair.

 

ETHUSD – A break back below middle band and a retest of the trend line. Looking for a conversion of middle which is now flat. Lean is still to the upside into March of 2022.

 

LTCUSD – A retest of the low and no trend line touch yet. Against the 3rd SD band and this should rally this week and convert middle band. Again very tight bands here which is a pre-cursor to a break.

 

Almost no change from last week except, still sideways price movement.  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.

18th Jul 2021

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