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Cryptos are Flaccid, When to Buy??

Bitcoin

Bitcoin has been quite flaccid lately. It has leveled off in the low 30K'sandseemscontentthere.TheKovachOBVhasdroppedoffdramatically,confirmingthemalaise.Longerterm,thesearelikelytobebargainlevelsinBTC,soifyouhavenotaddedtoyourposition,nowmaybethetime.Wewillhavesupportat30K's and seems content there. The Kovach OBV has dropped off dramatically, confirming the malaise. Longer term, these are likely to be bargain levels in BTC, so if you have not added to your position, now may be the time. We will have support at28K if BTC dips lower. Some momentum should take us to 33.6Kor33.6K or35.2K, which would be nice levels to take profit if you are trading Bitcoin.

btc

Ethereum

After making new highs briefly, Ethereum fell back down to support at 1300.Thisisastrongpsychologicallevel.TheKovachOBVisstillprettystrongforEthereum.Ithasonlyregisteredasmalldipcorrespondingtotherejectionfromhighs.IfEthereumdipsfurtheritwillfindsupport1300. This is a strong psychological level. The Kovach OBV is still pretty strong for Ethereum. It has only registered a small dip corresponding to the rejection from highs. If Ethereum dips further it will find support1233, 1172,or1172, or1111. These would be good levels to buy back. It is likely that ETH will form a bullish consolidation like a bull triangle as it gears up for another breakout

eth

Litecoin

Litecoin is still tracking Bitcoin, even in its lethargy. LTC is currently sitting at levels of support from Fibonacci levels anchored at the extrema of this most recent wave. We will have support from 132,132,124, and 111.Allshouldbeconsideredbuyingopportunities.EventuallyLTCshouldbreakoutandwewillhaveresistanceat111. All should be considered buying opportunities. Eventually LTC should break out and we will have resistance at138, 145and145 and154. These can be thought of as profit targets if you are trading LTC. We still have a way to go before 166,theupperboundoftherecentwave,or166, the upper bound of the recent wave, or186, all time highs, but these should also be thought of as longer term targets.

ltc

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