Crypto-Currencies: Bitcoin, Litecoin and Ethereum for December 3rd

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, rally is confirmed, looking for 45,000 next. Stay patient with this trade, we are about to see a small retest. 29800 needs to hold as support.

 

ETHUSD –   No Change in Forecast. Rally is confirmed, retest coming then higher highs. Following BTC, more upside expected into year end. 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 yet.

 

Cryptos are following BTC as mentioned and more upside is expected as the turn is confirmed in BTC and ETH. BTC should make target, other Crypto’s are lagging. More selecting buying in Cryptos in this rally.  No change in forecast, 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.

03rd Dec 2023

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