This is a weekly post covering Cryptocurrencies, specifically 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 — Classic turning pattern and about to see a retest. Watch for a middle band test and then a band ride higher. Should see retest finish this week.
ETHUSD – A different turning pattern, but still a turn is afoot here. Broken trend line and now watch for a broken trend line retest and higher. ETH should confirm higher this week.
LTCUSD – Monthly pivot support and higher highs likely here. Look for a conversion of 156.50. If seen then this will confirmed higher and should see new highs later this year.
The turn on Cryptos may be in, the retest as discussed will confirm the turn. This turn should start the next major move higher. USD has made higher highs and has turned lower. ETH is the crypto to watch as the bullish move may be more pronounced. Trade Smart and Trade Safe.
13th Feb 2022