Crypto-Currencies: Bitcoin, Litecoin and Ethereum for October 1

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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. Rally has started from 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 –   Rally has started from the broken resistance trend line.  Hold into 3500.

LTCUSD – Rally has started from the trend line, lean is still long into $150 into year end.

Rally has started from the broken resistance trend line 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.

01st Oct 2023

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