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 still needs to go lower. Consolidation so far and CPI this week may help move the tape. Look for an RSI of 30-40. Cryptos are buy-able and recommendation is to accumulate on long setups.
ETHUSD – Nice progress on the pullback so far, no setup yet, needs a wave C lower into 3rd SD band. 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 Cryptos on buy-able pullbacks, no setup yet as the past few weeks have been a consolidation. Looking for a long setup when we see a wave C lower and an RSI in the 30-40 range. Trade Smart and Trade Safe.