Crypto-Currencies: Bitcoin, Litecoin and Ethereum for Sept 26th

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 — Made the lower bollie target as discussed last week, now looking for a turn and the next rally. The flat should break p this week. The lean is bullish and the back test of the broken trend line completed.

 

ETHUSD – Wave C completed as discussed and now waiting on the next big rally. The three down flag should convert this week and higher highs expected.

 

LTCUSD – Three down as discussed last week now complete. Looking for a reversal this week and expecting next big rally into the 300s.

 

Wave C lower has played out as expected across the Cryptos, looking for flags to break up this week to confirm the next rally. 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.

26th Sep 2021

Leave a Comment

Your email address will not be published. Required fields are marked *