Crypto-Currencies: Bitcoin, Litecoin and Ethereum for April 4th

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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 — Retracement as discussed last week and the middle band here needs to hold. Nice sequence for the turn, flag breaks up, hits the upper band, retest middle band, next is the turn and band ride higher. Turn this week expected and a break of the R1 expected next.

 

ETHUSD –   ETH not yet at middle band and should be seen this week and a reversal and higher highs expected.

 

LTCUSD – Middle band here being tested and is critical support. Lean is long as the turn is likely in. Higher highs expected.

 

The turn in Cryptos is likely in. Pay attention to the middle band as support needs to hold this week.  Volatility will remain high this week so mind your size.  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.

03rd Apr 2022

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