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.
05th Jun 2022