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

Crypto-Currencies, Front Page / By

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 — Flag printing here which means a lower low and a strong long setup.  Menntioned two weeks ago the log setup looks good here and lower 16000 would be more of a wash out and buyable low.

 

ETHUSD –   ETH flag printing and a lower low is likely. Decent log setup here already ad stronger one coming.

 

LTCUSD – Positive D in place here and looking for a confirmation of a turn above the monthly pivot.  ETH may see one more low before a turn, this week is a good spot to legg into a small sized trade.

 

Lower lows have played out across the board as discussed and we may still see a lower move on BTC and ETH. They are buyable.  This is a significant long setup across Cryptos.   Volatility will remain high this week so mind your size.  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 Jul 2022

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