Crypto-Currencies: Bitcoin, Litecoin and Ethereum for March 6th

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 is retesting middle band after the impulse last week from the 3rd SD band, looking for continuation higher this week. This is a news driven tape, and this week I am looking for more upside as the turn is likely in. We should see a rally back into upper band and a band ride next.


ETHUSD –   Retesting here also and trend line support just below. As long as the previous low holds, we should see new highs this week. It is possible that this is a triangle so if a compression pattern develops then we could see a lower low, not likely this week.


LTCUSD – Higher low after a touch of the 3rd SD band and still leaning bullish here. Still looking for a conversion of 156.50 to confirm the bullish move. Should see new highs later this year.


The turn in Cryptos may be in. Higher lows across the board after a 3rd SD touch. The next major legg higher on Cryptos is beginning and 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

06th Mar 2022

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