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 — Retracement is close to complete, looking for a turn thi9s week and a drop in the USD. Looking for the flag resistance trend line to break up.
ETHUSD – ETH retracement target made and we have a double bottom, a marginal lower low is possible. Looking for a reversal this week and next legg higher into 5450.
LTCUSD – LTC retracement has seen a lower low and now looking for a reversal this week. Target is still 376 and looking for a rally with the fall of the USD.
The retests in these markets have likely completed and with the holidays now complete, look for market participants to buy Cryptos. Looking for a turn this week and higher highs. USD may have turned and I expect it to continue to devalue and expecting Cryptos to continue to be bullish. Trade Smart and Trade Safe.