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.