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 may be finished. 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 buy-able low.
ETHUSD – Expanded flat printing here and a retest of the low is expected. Lower low is a gift and a strong buy. Fed meeting this week will impact USD.
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. If so then LTC will follow.
Likely we see a move lower on BTC and ETH before the turn. The low is not a strong one. 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.
24th Jul 2022