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 — Higher low this week and a possible turn here if the low holds. BTC not known for positive D so good chances if the USD continues to drop we continue to see BTC go higher. We can still retest the low one more time. turning 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. Higher low here and good chances of continuation higher.
LTCUSD – 3rd SD band touch and a higher low. Convert middle band and we have lift off. Expecting new highs later this year in Q3.
Cryptos are turnng 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. ETH is the crypto to watch as the bullish move may be more pronounced. I expect USD to continue to devalue in 2022 and expecting Cryptos to continue to be bullish. Trade Smart and Trade Safe.
16th Jan 2022