G’day everybody.
It was another slow week across the cryptocurrency market, with Bitcoin spending most of its time trapped below $65,000 and very few strong trends developing across the major coins. While Craig remains long Litecoin following last week’s breakout, his overall message this week is simple: don’t force trades when the market isn’t providing opportunities.
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Litecoin Remains Craig’s Primary Trade
Craig continues to hold the Litecoin breakout trade he highlighted last week across his social media channels and free newsletter.
The setup checked all of his criteria, including higher lows, moving average convergence, and a clean breakout on the daily timeframe. While the trade hasn’t yet reached his target, he said a pullback toward the breakout level followed by another bullish candle could provide an additional buying opportunity.
Bitcoin Continues to Drift Sideways
Bitcoin spent another week moving almost nowhere.
Although price briefly traded above $65,000, it has struggled to hold that level, leaving the market stuck in a prolonged sideways range. Craig noted that while Bitcoin continues to print higher lows, the trend won’t become significantly more interesting until buyers can establish themselves above resistance.
For trend traders, sideways markets like this simply don’t provide many quality opportunities.
Ethereum Outperformed, But Momentum Remains Limited
Ethereum managed a stronger move than Bitcoin earlier in the week, pushing through resistance before pulling back.
Beyond that, however, most of the major cryptocurrencies looked remarkably similar.
Binance Coin, Cardano, Dogecoin, Solana, XRP, and Tron all spent the week trading sideways, while Bitcoin Cash was one of the weakest performers after closing the week roughly 10% lower. Overall, Craig described conditions across the top ten as exceptionally quiet.
Higher Time Frame Setups Dominate
Because short-term trends have largely disappeared, Craig is focusing almost exclusively on higher time frame breakout opportunities.
He highlighted potential setups developing in Injective (INJ) and Ethereum Classic, but noted that neither has fully triggered yet. The fact that most of his watchlist consists of daily, eight-hour, and four-hour breakouts reflects just how little momentum currently exists throughout the market.
Patience Is the Strategy
Craig’s biggest message this week wasn’t about a particular coin. It was about discipline.
Rather than trying to predict where Bitcoin will go next, he plans to wait until the market provides higher-probability trading opportunities. Overtrading during low-volatility periods often creates unnecessary risk, and Craig believes patience is currently the best strategy.
He’ll provide a more comprehensive market update, including macro news and additional chart analysis, in Tuesday’s free newsletter.
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