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.