Crypto-Currencies: Bitcoin, Litecoin and Ethereum for July 24th

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.

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

24th Jul 2022

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