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 needs a wave C lower. Look for an RSI of 30-40. Cryptos are buy-able and recommendation is to accumulate on long setups we are almost setup.
ETHUSD – Nice progress on the pullback so far, no setup yet, needs a wave C lower. 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, good progress and no setup yet. Looking for a long setup when we see a wave C lower in Cryptos. Trade Smart and Trade Safe.