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 — Mentioned last week that this is the time to start accumulating slowly. Flight to safety with bank failures has supported Cryptos here. The turn is likely in and a retest this week is buyable. Look for the monthly pivot as support. This is a significant turn in Cryptos, expecting to see significant upside from here.
ETHUSD – Time to start accumulating as discussed, monthly pivot support and look for buyable pull backs. FOMC this week will create volatility and bank failures will continue to add fuel.
LTCUSD – Turn may be in and not as big an advance as BTC and ETH. Look for a conversion of the high to confirm the turn is in. As the market leaders go higher LTC will follow.
We have a possible turn in Cryptos, looking for more upside after the retracement this week. Start accumulating slowly, will point out buyable setups here weekly. Trade Smart and Trade Safe.