Crypto-Currencies: Bitcoin, Litecoin and Ethereum for April 23rd

Leave a Comment / Crypto-Currencies, Front Page / By

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 — Pullback making progress and near target and needs a little lower. Look for monthly pivot and an RSI of 30-40. Cryptos are buy-able and recommendation is to accumulate on long setups we are almost setup.

 

ETHUSD –    Time to start accumulating as discussed, nice progress on the pullback so far,  no setup yet, 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. Monthly pivot a good area to start accumulating.

Start accumulating on buy-able pullbacks, nice pullback last week, good progress and no setup yet.  Looking for a long setup this week in Cryptos. 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 www.huffingtonpost.com.

23rd Apr 2023

Leave a Comment

Your email address will not be published.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