NOTE: That didn’t take long. We said BTC’s move up meant SOMETHING — now we know — traders are chasing “something for nothing” with BTC’s fork offering an = amount of BCC new crypto after the fork. Result — BTC UP Altcoins DOWN SO FAR
Maybe you understand better why we keep pounding the concepts ANYTHING IS POSSIBLE — and STAY SAFE now?
While chasing BTC at this point may sound tempting, patterns say probabilities offer a better edge using a different trading strategy — while we wouldn’t buy or sell BTC at the moment (other than scaling out a bit if you have a large position–TAKE PROFITS!) – -prior patterns and indicators say scaling IN to altcoins is the stronger probability strategy for profits — especially XMR and NXT from prior patterns that have shown “TOP IS NOT IN”. There are other crypto that are worth considering such as LTC DASH STR and XRP — all of which are moving in sync and had prior bullish indicators –just not as clear as XMR or NXT….
Would be EXTREMELY CAREFUL in scaling in — there could be huge price swings before any targets are hit — STAY SAFE — don’t get fully invested here–you might get a chance to add on a huge spike down–times like these are when you see spikes….
ETH and related crypto ETC ZEC and REP are worth watching right now as well but are far too volatile to include as a high prob scaling in candidate at this time– We can see a possible path for ETH down BELOW $100 and then back up ABOVE $240 — or that could happen in reverse! We’ll keep our eye on ETH and update as patterns emerge — for now be VERY aware of ZEC (chart shown again below) — it’s bearish pattern has broken down and could now be heading as low as $115 or even $100 — ETH continues to move down with ZEC as usual–for now….
3 NEW CHARTS AND SOME OLD ONES TOO
We’re adding charts from Market Wrap for reference here as ETH and NXT both add to the IT bullish case for altcoins that their TOP IS NOT IN and they were supposed to be part of “THE TELL Rally Pt 2” while BTC has already reached it’s target of $2800.
Also added the “low end targets” chart — TIME TO STAY SAFE SO YOU CAN STAY IN THE GAME — be patient and conservative — that is best chance at high prob profits in this set up….
Think of it this way — Great time to be OUT (or underinvested) wishing you were in vs IN (or overinvested) wishing you were OUT.
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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