Crypto-Currencies: Bitcoin, Litecoin and Ethereum for October 30th

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 — Finally a move on Cryptos and this is a retracement pattern which should open lower lows. Can see another 500 handles higher then look for a turn lower. Likely we see 16,000.   This is a major turn in Crypto and looking for a reversal across the board and a long term uptrend.


ETHUSD –   Looking for trend line resistance and the retracement pattern has slightly higher to go. Once the trend line proved resistance then lower lows to at least 1100 is likely.


LTCUSD –  Same forecast here too, looking at $56 as resistance and lower lows expected for a long term setup.


Finally some movement out of the consolidation and a retracement pattern is printing. This is not done yet and has higher to go. Watch BTC for a reversal as this should lead the way lower. Still looking for a long term long setup sp mind your risk until the turn is confirmed. There is a significant long setup coming across Cryptos, this is not it.  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

30th Oct 2022

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