Crypto-Currencies: Bitcoin, Litecoin and Ethereum for June 5th

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 has seen the small wave C as predicted and likely will see a lower low. A Positive D setup coming and when seen this is a clear buy.  Cryptos in general are going to follow this pattern before breaking up.


ETHUSD –   ETH  has not seen the wave C and instead is break down. A lower low is expected to complete this larger three down which is a retracement pattern. Higher highs will come once this completes in the 1400 area.


LTCUSD – LTC  – lower lows expected here and looking for a setup long next week. Watch ETH for clues as LTC will follow.


Cryptos are forming a reversal pattern this week and will 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 which will support a turn in these Crypto pairs.  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

05th Jun 2022

Leave a Comment

Your email address will not be published. Required fields are marked *