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 should see a small wave C rally before seeing a lower low. Positive D setup coming and when seen this is a clear buy. Cryptos in general are going to follow this pattern as a consolidation before breaking up.
ETHUSD – ETH has broken support trend line and should break the low. This is a larger three down which is a retracement pattern. Higher highs will come once this completes.
LTCUSD – LTC rally may be complete for now and it should retest the low before advancing. Watch ETH for clues as LTC will follow.
Cryptos are forming a consolidation pattern and may still see lower lows to complete the pattern. Lower lows expected across the board and when seen this will be a significant long setup. USD has turned and these pair may get bullish after the retest. Volatility will remain high this week so mind your size. Trade Smart and Trade Safe.