BTC XBT ETH crypto market early updates June 19, 2018 9:15 AM EST

NOTE:  Our ETHUSD indicator is confirming and still in play but XBT futures (chart shown below) show that close today is important as a solid up day with higher volume would pave the way for more upside (test of $7250 or more), and a reversal could lead to breaking $6450, $6000 and even a possible test of $5000.

The highest probability takeaways for the current set up are:

  1. Have VERY realistic expectations for any bullish moves — taking profits or trailing stops have to be the strongest approach for now based on the last 2 months of price action.  When the time is right to be more aggressive, the market will show us
  2. Have VERY clear trading plans and don’t stay in trades if your stop ranges are hit — even though it’s possible we’re in “summer trading” you can still lose a LOT of money and get shaken out on a low volume move down to $5000 or lower.

Now more than ever STAY SAFE, and STAY IN THE GAME.

2 CHARTS — The Big 2 are representing the crypto market for now….

NOTE: Market moving very much in sync so trades can be developed for more altcoins with similar patterns.  See prior posts for many set ups and/or write us at cryptopatterns@gmail.com with questions

xbt early 6 19

Yesterday’s ETH post still in play — above $550 next target is $600 range which is strong resistance.  Above that could see strong move higher to $750 range but let’s see $600 first — respect “character of current market”!

eth real time udpate 6 18

This site is for informational 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) 2018 JBP cons, inc.  All rights reserved.

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