Crypto-Currencies: Bitcoin, Litecoin and Ethereum for February 20th

Crypto-Currencies, Front Page / By

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 — BTC retesting here and at middle band. Looking for more upside as the turn is in and we should see a rally back into upper band and a band ride next.

 

ETHUSD –   Broken trend line support as mentioned last week and now looking for higher directly. 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 in Cryptos may be in, the retest here  on ETH should confirm the turn.  The next major legg higher on Cryptos is beginning and 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.

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.

20th Feb 2022

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