Crypto-Currencies: Bitcoin, Litecoin and Ethereum for October 3rd

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 — Turned and rallies as expected from last week’s post.  So far so good on the break up of the flag. More than likely we get the back test of broken trend line resistance and higher prices.   Higher highs expected by year end.

 

ETHUSD – Next big rally has started. Keep an eye on ETH as it should outperform BTC. Likely a back test of broken trend line resistance and higher highs coming.

 

LTCUSD – Rally as expected and looking for monthly pivot to convert. Not a clean setup as ETH, but should follow through to the upside just the same.

Wave C lower has completed and the break up of flags is playing out as expected.  Looking for a back test and higher this week to confirm the 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.

03rd Oct 2021

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