Cryptocurrency Technical Analysis: Buy Signals For Bitcoin (BTC), Ethereum (ETH), And Litecoin (LTC) - Exchange Rates UK
www.exchangerates.org.uk
After a little over three months of trading in a bear market, Bitcoin returned to a bullish position by breaking the bear trend line when it reached the 9000 value area (B.). The buy signal for Bitcoin occurs when Bitcoin breaks a double-top at 9000 for an entry above at 9200 Ethereum’s (ETH) chart clearly shows its underperformance against Bitcoin.
Because triple tops are so powerful, the fact that the entry would occur just one box below the break of the bear trend angle suggests traders would move Ethereum up and above that trendline with little effort. The current chart for Litecoin has one of my favorite buy signal setups: break of a multiple top/bottom after changing trends.
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