Crypto-Currencies: Bitcoin, Litecoin and Ethereum for September 17th

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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 in forecast here. Retesting the broken resistance trend line and still looking for the next advance. Have made an RSI of 30 and lean is still long into 45000. Previous low needs to hold.

ETHUSD –   Consolidation continued and looking for support at the broken resistance trend line.  Hold into 3500.

LTCUSD – This appears to be more of a retest and lean is still long into $150 into year end.

No change since last week….. Cryptos have consolidated for a long period and have finally broken down, the broken resistance trend line is support and the previous low needs to hold.   Lean is still long here into year end.  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 www.huffingtonpost.com.

17th Sep 2023

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