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 — The flag I have been writing about is still printing and not only just here. Expecting a print lower to finish this pattern and a strong long setup. Mentioned three weeks ago the long setup looks good here and lower 16000 would be more of a wash out and buyable low.
ETHUSD – No change here either and ETH flag printing and a lower low is likely. Decent long setup here already and stronger one coming.
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 with the other Cryptos.
Likely we see a move lower on BTC and ETH. A lower low here is a strong buy for a longer term hold. This is a significant long setup across Cryptos. Volatility will remain high so mind your size until the trade is confirmed. Trade Smart and Trade Safe.
17th Jul 2022