Crypto-Currencies: Bitcoin, Litecoin and Ethereum for December 3rd

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 as mentioned and still waiting for a lower low, no change in forecast, looking for a long term long setup which may arrive next week.  WAIT FOR A CONFIRMATION before making a long trade here. A major turn in Crypto is brewing and looking for a reversal across the board and a long term uptrend.


ETHUSD –   Small consolidation pattern which is a continuation pattern which points lower, lower low gives the long setup we are looking for.


LTCUSD –  This pattern is a flat, so expecting a lower low and the wave C appears to have just completed. Lean lower here and a lower low will create a long setup.


Cryptos are very close to a long term reversal here.  Watch BTC for clues as it should lead the way higher. Lower lows are key to the long setup.  The declining resistance trend lines when they break and convert, buy Cryptos!! Still looking for a long term trend up so mind your risk until the turn 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

03rd Dec 2022

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