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 — 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 not yet started and we have a divergence with BTC from the broken resistance trend line. Need to see follow thru. DX is turning also. Hold long into 3500.
LTCUSD – Rally may have started from the trend line, lean is still long into $150 into year end. No confirm here yet on the reversal.
Rally in BTC has started and I am expecting the other Cryptos to follow. The previous low needs to hold, be patient with this, follow thru is needed this week on ETH. Lean is still long here into year end. Trade Smart and Trade Safe