Crypto-Currencies: Bitcoin, Litecoin and Ethereum for November 13th

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 — Target made at 16000 and looking for a long setup, we can still see a minor lower low. FTX bankruptcy in the news which is driving the entire sector lower.   This is still a major turn in Crypto and looking for a reversal across the board and a long term uptrend.  WAIT FOR A CONFIRMATION before making a long trade here.


ETHUSD –   Target made here too.  Looking for a long setup, RSI needs to see a lower low first. Wait for a confirmation above the declining resistance trend line.


LTCUSD –  Almost made target here and can see a bit lower first before a turn. We are close here but RSI is not ready yet.


As mentioned last week the retracement pattern was in progress and the charts needed a lower low. FTX and the news has certainly helped and we can still see lower lows for a long setup. Watch BTC for a reversal as this should lead the way higher. Declining resistance trend line when they break and convert, buy Cryptos!! Still looking for a long term trend up so mind your risk until the turn is confirmed. There is a significant long setup in Cryptos coming.  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

13th Nov 2022

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