Crypto-Currencies: Bitcoin, Litecoin and Ethereum for March 5th

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 — Fed Chair speaking this week twice, so expect volatility. BTC in the retest now and not yet at target, we should see an RSI of 30, still needs another legg lower to 20000.  This is a significant turn in Cryptos, expecting to see significant upside from here. Waiting patiently for the setup.


ETHUSD –   The short term high is in and 5 up structure now retracing. Should 1410 and if support, we have a long term reversal in ETH and likely the Crypto sector.


LTCUSD –  The turn is in here too and lower expected to play out to $82 then look for a turn to confirm a longer term uptrend that may be beginning.


No significant change here in the structure so not much new to discuss. We have a possible turn here in Cryptos, looking for more upside after the retracement. The low may be in, waiting on the confirmation when we find the expected support.  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

05th Mar 2023

Leave a Comment

Your email address will not be published. Required fields are marked *