Crypto-Currencies: Bitcoin, Litecoin and Ethereum for August 14th

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 — An overlapping choppy flag is still printing.  Bollinger bands are extremely sight which indicated compression is building for a move. Expecting a print lower to finish this pattern and a strong long setup.  Lower to 16000 would be more of a wash out and buy-able low or a double bottom should be next. Higher low also possible 19820.


ETHUSD –   A higher low is possible here into 1250-1220. A lower low is a gift and a strong buy. This is my preferred Crypto and with the merge coming this month we should be seeing institutional support later this year.


LTCUSD –  Flag also printing here so this can retest the low before turning. I am expecting a possible higher low at $39, if we convert this area then a lower low will open.

A consolidation has been occurring on BTC and the bollinger band are extremely tight which indicates a move is about to occur. Lean lower as a low retest is needed and the market overall is turning. Mind your risk until the turn is confirmed. This is a significant long setup across Cryptos.  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

14th Aug 2022

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