Happy Holidays to everyone. All the best for the New Year!! Covering Cryptos this week, 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 — Lower low this week and we have almost made the month;ly S1 and have hit the 3rd SD Bollinger. This is usual area for a turn for Cryptos and looking for a conversion of 45000 to confirm the turn. We can still retest the low once this is seen. Above 52500 we open target at 78554.
ETHUSD – The larger three down played out to 3197. This is a seven swing move and a turn is likely in this area. Turn confirms above 3520. I still expect ETH to lead to the upside. Target is 5432.
LTCUSD – Marginal lower low here and through the 3rd SD Bollinger which is an accumulation level. Lookng for a turn this week and a conversion of 165 to confirm. Higher highs are expected in 2022.
Wishing all readers a healthy and prosperous 2022. Cryptos are probing a low here and I am still expecting these instruments to be bullish in 2022. USD has pushed lower and continuation lower on DX will support a rally here in Cryptos. I expect USD to continue to devalue in 2022 and expecting Cryptos to continue to be bullish. Trade Smart and Trade Safe.
09th Jan 2022