Crypto-Currencies: Bitcoin, Litecoin and Ethereum for July 25th

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 — A break of middle band has occurred, now let’s see the upper band then a retest of middle as support and that would confirm a reversal here. Looking higher as the low may be in. USD may still see 93.50 but a drop in USD at this point is bullish Cryptos.

 

ETHUSD – A break of middle band here and more upside expected.  Looking for a conversion of middle this week. Lean is still to the upside into March of 2022.

 

LTCUSD – No break of middle band yet and looking for LTC to follow through and join BTC and ETH. Again very tight bands here which is a pre-cursor to a break.

 

Nice break higher on ETH and BTC,  I am still looking for a confirmed reversal and watching middle band to be tested as support this week actoss all three Cryptos. USD should continue to devalue and I am expecting Cryptos to continue to be bullish.  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.

25th Jul 2021

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