Crypto-Currencies: Bitcoin, Litecoin and Ethereum for August 13th

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 — No change to forecast. I issued a buy signal nine weeks ago as we had a dip into our retrace target of 25200. Consolidation above the broken resistance trend line means we see a push higher then retest back into this area.  We have had a decent retrace and can see the broken trend line, looking for support there. Lean is long into 45000.


ETHUSD –   No Change In Forecast. Buy signal here, made retrace  target at 1720 and looking long from there. Consolidation pattern signals continuation, looking for a pop. Hold into 3500.


LTCUSD – No Change In Forecast. Issued a buy signal here as well. LTC is now confirmed long into 200. Likely see a higher high before a meaningful retest.


No change here as Cryptos are still consolidating and are on a buy signal, the broken resistance trend line is the next support test but the consolidation here is signalling higher directly first.   Lean is long here into September.  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

13th Aug 2023

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