Crypto-Currencies: Bitcoin, Litecoin and Ethereum for December 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 — Wishing everyone a very Merry Christmas and a Happy New Year!!!   No change in forecast here and still waiting for a long setup. Consolidations take the time they take so being very patient here.   A major turn in Crypto is brewing and looking for a reversal across the board and a long term uptrend. A lower low is still needed.


ETHUSD –   Small consolidation pattern which is a continuation pattern which points lower. Still expecting a lower lows here and as the S&P drops we may see some pressure this week.


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


Cryptos are very close to a long term reversal here as this consolidation pattern continued sideways.   Lower lows are still needed for the long setup. Watch BTC for clues as it should lead the way higher.    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.  Happy Holidays to All!!  Trade Smart and Trade Safe in 2023.

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 Dec 2022

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