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 — Flag has broken up and BTC is expanding to the upside as discussed. Lean is long here and upper band has been hit, now retest middle and look for a band ride later this week. This week DX should drop and this pair should advance.
ETHUSD – ETH is breaking up and gave clues last week as discussed. Middle band at this point is critical as support and higher highs expected.
LTCUSD – Compression resolve to the upside and middle band now is critical support. Not as much push here, next major resistance is 172. Expecting new highs later this year.
The turn in Cryptos may be in. ETH gave an early signal last week, so follow through this week is critical. Pay attention to the middle band as support needs to hold this week. A potential drop in the USD that may be coming which will help. Volatility will remain high this week so mind your size. Trade Smart and Trade Safe.