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 — BTC has headed lower per my comments last week, looking for 20,000 and can see a minor lower low. This is the time to start accumulating slowly. The SVB bank failure is in the news which is impacting Crypto due to USDC deposits and the Fed Chair pushing the overall market lower. This is a significant turn in Cryptos, expecting to see significant upside from here.
ETHUSD – Has made target and can still see a marginal lower low to the market level on the chart. Time to start accumulating, we likely will see a long term reversal in ETH.
LTCUSD – Nice move here and likely a wave 3, may see a slightly lower low. Look to accumulate Crypto’s here.
I may be a little early but the pull back I have been discussing for weeks is finally here. We have a possible turn in Cryptos, looking for more upside after the retracement. Waiting on the confirmation when we find the expected support. Trade Smart and Trade Safe.
12th Mar 2023