Crypto-Currencies: Bitcoin, Litecoin and Ethereum for April 2nd

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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 — Still expecting a bit of a pull back to middle band. Not much progress as of yet. Cryptos are buyable when this happens as I believe the turn is in.

 

ETHUSD –    Time to start accumulating as discussed, middle band support and look for buy-able pull backs. RSI of 30-40 are good areas to consider.

 

LTCUSD –  Not as big an advance as BTC and ETH. Look for a conversion of the high to confirm the turn is in. As the market leaders go higher LTC will follow.

 

The turn appears to be in and looking for more upside after the retracement this week into middle band. Start accumulating on buy-able pullbacks, will point out  setups here weekly.   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.

02nd Apr 2023

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