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 — Still waiting on a pull back and not much progress. Look for monthly pivot and an RSI of 30-40. Cryptos are buy-able and recommendation is to accumulate on long setups.
ETHUSD – Time to start accumulating as discussed, look for a buy-able pull backs, monthly pivot a target for support. RSI of 30-40 are good areas to consider.
LTCUSD – Look for a conversion of the high to confirm the turn is in. As the market leaders go higher LTC will follow.
Start accumulating on buy-able pullbacks, will point out setups when they come here. Looking for a pull back in indexes in the next few weeks and Crypto should follow. Trade Smart and Trade Safe.