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.
19th Mar 2023