Crypto-Currencies: Bitcoin, Litecoin and Ethereum for October 10th

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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 — So far so good on the flag and the break out to the upside, approaching an RSI of 70 so likely will see a pull back as deep as middle band and higher highs expected. ETH should outperform BTC.

 

ETHUSD – Next big rally has started. Expecting more volatility here and a back test of middle band and higher is coming. – target 4433 next.

 

LTCUSD – So far so good here too, watch for the same, pull back into middle band and higher highs expected. This does need to play catch up.

 

Looking for a back test and higher this week as we are heading higher across the board. ETH should outperform here on this next legg higher.  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, CTA (Commodity Trading Advisor) 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.

10th Oct 2021

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