cryptopatterns Market Wrap
July 15, 2017 9:30 PM EST Vol 2 issue 15
3 CHARTS – TARGETS BEING HIT AND REVERSAL RALLY DUE, BUT….
Our PATH 2 happened exactly as outlined yesterday, and a strong rally started with BTC >$2100, but as we noted in our midday update – there were indicators it wouldn’t last, and by the end of the day we were back at the lows.
They can move price anywhere they want. At any time.
We did share a successful trade for BTC today in this update that we highly recommend you review if you have not seen it —
Trading BTC SAFELY right now real time update 7 15 17 10:40 AM EST
If you took the trade outlined and trailed up your stop loss you would have made $50 or so per BTC invested on a trade that didn’t come close to it’s target and has now fully reversed. That’s SAFE trading.
When you know key targets and other indicators you can use this stop loss trade strategy over and over for very little risk. You might even make money and it increases your chances of catching the bottom — but you have to be committed to honoring stops so practice on paper or with very small positions.
This is why we’ve been indicating a scaling trade strategy is the highest prob for profit for some time, and hopefully, we’re nearing some targets that will allow this stategy to pay off.
Here’s an updated target chart showing the prices that have been hit so far – next in line are XMR $30 and of course DASH $130, — then the key $ETH $140-$150 range. After that you’ll find today’s 3 charts to offer some additional insights and key’s we’re watching:
TRADE STRATEGY
Probabilities have not changed — scaling in around lower targets is highest probability for profitable trade but should have “stop loss” trade ready if we move up strongly above BTC $2300 or $2350, ETH $200 or $225 and LTC $50 if this fits your trading strategy and you are comfortable with the risks and your ability to exit trades when required.
See prior Market wraps and Early updates for other key targets and information (see categories to find these)
REMINDER
- The targets that are absolutely the most important to your trading (scaling in) decisions now are:
- LTC $30.70XXX Gap fill
- DASH $130 prior key target failed at testing twice so far…
- ETH $100 crash low
There are other targets and all are noted on the chart below –but if we get close to these — must trade assuming we’ll hit and break them given current bearish pattern.
Step by step how to “Scale” into cryptocurrency trades for long-term success
We’ll update as patterns emerge but if you have questions or want any clarification email us at:
cryptopatterns@gmail.com
STAY SAFE — TAKE ACTION WHEN YOUR PLAN SAYS TO ACT — AND STAY IN THE GAME LONG TERM.
This site is for educational and entertainment purposes only and not in any way intended to be investment or trading advice. You are 100% responsible for your financial decisions at all times. It is highly recommended you DO NOT make any investment or trading decisions depending upon what you read on this blog/newsletter! All information presented (c) 2017 JBP cons, inc. All rights reserved.
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