Crypto-Currencies: Bitcoin, Litecoin and Ethereum for June 11th

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 — Same message this week, price still needs to go lower, almost at target 25200.  No change in forecast. Look for an RSI of 30-40. Cryptos are buy-able and almost at a long setup.


ETHUSD –   New swing low and not yet at target of 1720,  no setup yet, needs a wave C lower.. No change in forecast, RSI of 30-40 are good areas to consider.


LTCUSD –  No change in forecast, looking for a conversion of the high to confirm the turn is in. This should be seen on the next rally after the retest is done, not yet fully 3 down.


Waiting on a full setup for the next buy  for Cryptos, consolidation here taking longer than expected. Lean is long here into September.  Looking for a long setup when we see a wave C lower and an RSI in the 30-40 range on BTC or ETH. 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

10th Jun 2023

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