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 — As mentioned last week, this is a good long setup. We can still see lower to 16000 which would be more of a wash out and buyable low. Look for a 24000 print next.
ETHUSD – ETH may have put in a low and can still see the 900 area. Punch of the 3rd SD band has occurred which is a good long signal. This is a great setup as long as the base trend line holds.
LTCUSD – Positive D in place here and looking for a confirmation of a turn above the monthly pivot. ETH may see one more low before a turn, this week is a good spot to legg into a small sized trade.
Lower lows have played out across the board as discussed. This is a significant long setup across Cryptos. Volatility will remain high this week so mind your size. Trade Smart and Trade Safe.