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Welcome to the cryptopatterns newsletter.  Since 2016, we’ve offered daily (sometimes more) trading and market updates to inform and education cryptocurrency traders and investors to help you stay SAFE and PROFITABLE.  In addition to helping our many subscribers and followers, you might have seen our analysis recently quoted in major publications like FORBES most recently HERE .

We’re growing and improving our site so please go to  cryptopatterns new site / free chartbook  .   You’ll get an idea of our services and where we’re headed and of course you’ll receive our FREE June Chartbook!

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cryptopatterns chartbooks offer detailed analysis of Bitcoin and the 9 Largest Altcoins along with 2 altcoins “we’re watching.

The June Chartbook is free with no cost or obligation — it’s our way of showing you that cryptopatterns is different. We’re committed to helping traders succeed over the long haul with info you can use now and in the future.  Thanks for your interest and we hope you find our services helpful.

If you have any questions don’t hesitate to write us at cryptopatterns@gmail.com

 

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BTC ETH TOP 10 ALTCOINS CRYPTO MARKET LONG-TERM ANALYSIS JUNE 2018

CRYPTO MARKET LONG TERM TRADING ANALYSIS

As promised, we’re excited to share our exclusive comprehensive long-term outlook for BTC, and the most important altcoins in the cryptocurrency market.

This analysis was prepared by experienced traders and investment professionals with over 40 YEARS trading experience in all types of markets (over 2 years in crypto).

We plan to make this a regular feature for cryptopatterns newsletter subscribers PLUS we will EXCLUSIVELY follow up with q and a and additional analysis for our subscribers that will never be shared at any other source. 

Just write us at cryptopatterns@gmail.com

And we have more improvements and resources to offer our subscriber soon.

It’s all about our mission to keep our subscribers SAFE and PROFITABLE

We hope you find this information useful and really appreciate your loyalty as a subscriber

cryptopatterns

Also See Trading Notes at the end of this analysis:  

THE CHARTS: LONG TERM OUTLOOK FOR THE CRYPTO MARKET AS OF MAY 2016 (charts include data up through June 6)

 

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CRYPTOPATTERNS JUNE CHARTBOOK

LONG TERM OUTLOOK FOR THE CRYPTO MARKET

NOTE:  Because Bitcoin continues to have such a powerful influence on market direction and current long-term patterns are still showing a bullish direction, all altcoin analysis will be done vs BTC unless otherwise noted.  Additional analysis vs USD/USDT is advised for all cryptos traded as USD/USDT charts offer different patterns and clues and should be reviewed as part of a comprehensive trading strategy.

BITCOIN

Ticker SymbolsBTC, XBT (bitcoin futures).  Note that XBT is also used on certain exchanges for Bitcoin (same as BTC).

Market Cap Rank –  #1 

Long-term Outlook From Prior Post – Bullish

Current Long-term Outlook – More Bullish than a month ago overall but not as bullish vs multiple key altcoins.

AnalysisWeekly Chart on XBT Futures shows indicator very oversold, setting up for at least a significant bounce in the intermediate term, though price can drop to test $5000 level before that bounce occurs.  Current set up indicates moderate probability that $7250 will hodl and we’ll see bounce from that level.  Monthly chart continues to support bullish wave pattern and all time highs being retested in the long term time horizon (think months at least until we see confirmed breakout over $12000.)

xbt weekly early 6 4btc monthly 6 4

ETHEREUM

Ticker Symbol – ETH

Market Cap Rank – #2 

Long-term Outlook From Prior Post – Bullish overall but Bearish relative to BTC

Current Long-term Outlook Far more bullish than a month ago. 

Analysis – Breakout of current weekly pattern could make ETH more bullish than BTC.   Breakdown of this pattern could lead to significantly lower prices. Current monthly chart shows mixed signals and uncertainty.  Key support and resistance levels should be watched very closely.  Patterns and news about EOS are likely to play a major role in ETH’s price and volume action in the coming weeks and months.

ETHBTC weekly 6 5eth monthly 6 5

 RIPPLE

Ticker Symbol – XRP

Market Cap Rank – #3 

Long-term Outlook From Prior Post – Bullish overall but Bearish relative to BTC

Current Long-term Outlook – Still bullish but lagging other large altcoins and growing red flags.

Analysis – Because of its relatively low price, XRP has always been more volatile than other large altcoins.  Traders should expect more “head fakes” and broken patterns that could require smaller positions or “reentry trades” for intermediate and long term positions.  Because of differences between XRP and BTC patterns, it’s important to watch long term charts to verify wave count as crypto market moves through upcoming waves.

XRP weekly 6 5XRP monthly 6 5

BITCOIN CASH

Ticker Symbol(s) – BCH, BCC

Market Cap Rank – #4 

Long-term Outlook From Prior Post – First long term analysis

Current Long-term Outlook – Bullish vs Bitcoin

Analysis – BCH has generally bullish signs on long-term time frames with minimal red flags.  Low recent volume makes all indicators a bit less reliable but the lower volume is market wide and not exclusive to BCH.  If BCH doesn’t break out of pattern towards bull targets soon (weeks), probabilities favor a drop to test the lower support of bull flag pattern which would give a short/intermediate term edge to BTC over BCH but would not change the LT overall bull outlook for BCH.

BCHBTC weekly 6 5bch monthly 6 5

EOS

Ticker Symbol – EOS

Market Cap Rank – #5 

Long-term Outlook From Prior Post – First long term analysis

Current Long-term Outlook – Bullish vs Bitcoin

Analysis – Charts show market expectations for EOS potential.  We’re now at a critical time for EOS where news meets charts.  Mainnet went live on June 1, sort of, and has created confusion and uncertainty.  While there is a case to be made for strong upside for EOS intermediate-term and long-term, sometimes the lower probability path wins and problems with EOS mainnet could turn charts bearish very quickly.  In any case, EOS is now in a high risk phase of its wave cycle, so expect increased volatility and challenging trade set ups until EOS real world use is proven to be on track (or not).

EOSBTC weekly 6 6EOS monthly 6 6

LITECOIN

Ticker Symbol – LTC

Market Cap Rank – #6 

Long-term Outlook From Prior Post – First long term analysis

Current Long-term Outlook – Bullish vs BTC but see analysis below for caveat

Analysis – Volume has dropped off drastically in 2018, so any decisions based on recent bars warrants increased caution.  Upside targets can be found significantly higher, but we are staying with the opinion that the highest probability pattern scenario has LTC/USD testing most recent crash lows ($100 range) before it will test all time highs.  Note that almost all the volume for LTC has been below current price levels, which does not support the most bullish path.

LTC weekly 6 5

LTC monthly 6 5

STELLAR LUMENS

Ticker Symbol – STR, XLM

Market Cap Rank – #7

Long-term Outlook From Prior Post – First long term analysis

Current Long-term Outlook – Bullish vs BTC

Analysis – Mini bull flag that started in late March sits inside the larger bull flag indicated on the weekly chart below which started in November of 2017.  Relative volume is lower on the pullback in both cases, so there is a moderate to high probability of bullish pattern confirming (breakout).  As always, keep a sharp eye on the volume if XLM moves to retest the highs of the flags.  Decent support can be expected at the round number .00003000.  Also worth paying attention to price and volume action compared to Ripple (XRP) which has had a very strong correlation since XLM began trading but now some subtle differences in long-term patterns have emerged.

xlm weekly 6 5xlm monthly 6 5

CARDANO

Ticker Symbol – ADA

Market Cap Rank – #8 

Long-term Outlook From Prior Post – First long term analysis

Current Long-term Outlook – Bullish vs BTC

Analysis – Recent bull flag shows potential for a move higher as volume fell on the retracement and we saw a larger volume green bar on the last bar of the month.  Target on this bull flag is in the .000060 range and much higher targets can be derived from the longer term bull flag which started in December on 2017.  The larger pattern is still valid, despite the roughly 75% retracement from January to March.  Bullish path would expect to see a strong move with high volume through the top of the current bull flag around .000040 in order to make pattern targets moderate to high probability.  Note that most of the volume bars on up days are larger than on down days, regardless of time frame, which is a bullish indicator.

ADA WEEKLY 6 7

ADA monthly 6 7

IOTA

Ticker Symbol – IOTA

Market Cap Rank – #9 

Long-term Outlook From Prior Post – First long term analysis

Current Long-term Outlook – Bullish vs BTC

Analysis – Another crypto which had minimal volume during the early 2018 decline when apparently no one was willing to buy anything at any price while crypto prices were tumbling.  Volume has now increased slightly as IOTA has recouped some of its losses, but a better indicator of new all time highs long-term would be a strong increase in volume if and when we test current highs confirming buyers are willing to step in and take price higher vs BTC.

iota weekly 6 18IOTA monthly 6 18

 

TRON

Ticker Symbol – TRX

Market Cap Rank – #10 

Long-term Outlook From Prior Post – First long term analysis

Current Long-term Outlook – Neutral vs BTC

Analysis – Tron is one of the most controversial among the larger cap Altcoins and trades for a very low price, so expect continued volatility around this name.  The launch of their mainnet will likely add to the volatility, similar to EOS.  The patterns for TRX suggest we could go either way – and could move a great distance in either direction, with support levels not proven due to Tron’s short history, so a fast drop could fall a long way if it comes with high volume.  Traders need to take this into account when determining position size in Tron.

trx weekly 6 6trx monthly 6 6

 

…AND A COUPLE OUTSIDE THE TOP 10 WE’RE WATCHING

 

VECHAIN

Ticker Symbol – VEN

Market Cap Rank – #16

Long-term Outlook From Prior Post – First long term analysis

Current Long-term Outlook – Bullish vs BTC

Analysis – VEN has a very bullish chart and is getting a lot of social media buzz due to its recently issued a new white paper and roadmap.  Price is right at breakout levels on weekly chart which offers a test of the current strength in the coming weeks.  It’s important to see strong volume If we breakout to maintain a high probability of reaching the high targets patterns call for. Now that VEN has more history behind it watch to see if it can maintain the impressive strength vs BTC it has shown so far, or if that’s simply short term traders trying to make fast money on another big bull move.

ven weekly 6 6ven monthly 6 6

 

MAIDSAFE COIN

Ticker Symbol – MAID

Market Cap Rank – #70

Long-term Outlook From Prior Post – First long term analysis

Current Long-term Outlook – Bullish vs BTC

Analysis – MAID is showing multiple bullish patterns on multiple time frames, however, as the long-term charts below show, the bullishness is a very recent development as MAID has been all but forgotten in the ICO craze.  Because of the smaller market cap and low volumes, MAID needs to prove its bullishness by breaking out with convincing volume AND meeting or exceeding targets or it will be higher probability for you to look to other, more proven bullish altcoins with similar high probability set ups.  It’s also worth nothing that the only major exchange MAID currently trades on is Poloniex, so watch for a possible “new exchange bump” at some point in the coming weeks or months for MAID if their new and improved platform stands up to testing and market scrutiny.

maid weekly 6 6maid monthly 6 6

IMPORTANT TRADING NOTES:

  • LT trading strategy should involve IT and ST trade execution — do not trade the following information without confirmation from shorter term time frames (or WAIT for that confirmation!)
  • Just because BTC is currently the most bullish LT — it’s not SAFE to trade 100% of your LT funds in BTC — they can change the set ups at any time (and probably will!) — but probabilities do say that BTC should play an important role in your LT crypto portfolio.
  • Financial management is every bit as important as bullish patterns to SAFE trading — the charts below show just how far price can fall and still be bullish LT and this should be carefully considered in how much of your funds you dedicate to long term vs Short-term and Intermediate term if you want to avoid huge swings in your total portfolio balance.
  • Click on the LONG TERM CRYPTO ANALYSIS POSTS for prior updates

 

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) 2018 JBP cons, inc.  All rights reserved

BTC ADA EOS STRAT crypto market early updates April 29, 2018 11:30 AM EST

NOTE:  We’ve seen a strong bull move for BTC and most of the strong, legit altcoins in the crypto market — now we’re seeing price consolidate around the KEY 9500 range for BTC.

While many altcoins have been much stronger than BTC during this move such as EOS (See chart below) –  We have NO indicators that there will be a divergence in price action for any altcoins moving much higher if BTC can’t break 9500 and hodl it (Ideally with VOLUME confirmation too).

In Elliot Wave The first wave of a bull run always surprises traders and comes with lots of skepticism. We recognized this weeks ago and have shared many trades that we know many subs have benefitted from because of this pattern recognition.

Now we’re approaching a crossroads where the next move is FAR FROM CERTAIN THIS MEANS:

There’s no trading edge between MUCH higher or MUCH lower prices ST/IT.  There’s also a pattern that has prices staying in this range for some time to really frustrate traders.

As usual we are 100% focused on keeping your trading SAFE and PROFITABLE.

We identified the start of this bull move and are confident we’ll have useful input on assessing probabilities for what’s coming.

Meanwhile — the highest prob trade strategy continues to be using trailing stops AND/OR take some profits as patterns approach their targets.

EOS – GAME CHANGER?

We’d like to add some extra input on EOS — as we shared over the last several weeks — EOS has had one of the most bullish charts we’ve found in some time.

Keys to consider:

  1. Pattern targets keep getting met and exceeded
  2. Pullbacks are generally fast and shallow
  3. Lots of bullish buzz
  4. News — mainnet release scheduled for June.
  5. “In Sync” — moving up way faster than market but STILL MOVING IN SAME DIRECTION AS MARKET
  6. Trading volume not as explosive as price (though this could be explained by Binance not  having as much trading history as Kraken and Bitfinex)

We ALWAYS recommend to expect games in set ups like this — The broader market is becoming aware of EOS and EVERYONE CANNOT MAKE MONEY.

TAKEAWAY?  If EOS is going to hit the much higher wave targets shown in chart below — we should continue to see price move in patterns that keep you feeling like “you’re missing the bus”.  This will likely include SHARP pullbacks but little opportunity to take advantage of great entries.  Anything else could be a HUGE headfake so keep those trailing a LITTLE wider than normal (and try to use closing prices) but KEEP THEM IN PLACE!

4 CHARTS  IF EOS IS REAL BULL — What does that mean for BTC ETH and rest of market??  Answers are coming….

ADA original 4/16 post shown below — 1st target nearly hit so some follow through here is important to IT bullish case…

ada early 4 28ADA market wrap 4 16

BTC – don’t forget XBT futures open again at 6 PM EST

btc early 4 28

EOS – If you’re not trading it — definitely start watching it….

eos early 4 28

STRAT – BTC traded cryptos helped us find MANY profitable trades — we like to keep studying patterns that work, until they don’t (trend is your friend–until it’s not!)…..

strat early 4 28

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) 2018 JBP cons, inc.  All rights reserved.

BTC XMR VTC early updates 4 7 18 1:00 PM EST

NOTE:  here’s your bullet point summary for today — charts below:

  • XBT futures close, BTC and altcoins start moving with more volatility–that’s a thing (or should we say pattern) now….this week they’re making it look bullish….
  • One of these times, the move up will be REAL and tradeable and there will be great upside–this COULD be the time — but there are many reasons to be skeptical – in cryptopatterns speak we’ll call it MOD probability at best.
  • Whenever a bullish move does play out, don’t even THINK about new highs or 2x or 5 x or any X for your ST/IT funds–just think about making some damn money safely  — hopefully you see that’s the LT path to trading success.
  • We think it’s fine to stay on the sidelines with ST/IT funds for now,  practice controlling your FOMO that has probably cost you some decent coin at this point (or is it just us? 🙂 ) —  and wait for some strong bullish confirmations, then catch the bus — there’s plenty of upside to join in mid-move if we’re seeing a real bullish move — no more expectations of 2X or more –that’s now a pleasant bonus–get in the real world of trading and you can make great profits safely year after year.

3 CHARTS — THERE ARE SAFE ST/IT TRADES — DOESN’T MEAN YOU’LL MAKE MONEY…..DOESN’T MEAN YOU WON’T — JUST STAY SAFE EITHER WAY, THE PROFITS WILL COME….

BTC early 4 7

NOTE:  The set ups for large altcoins are very different — XMR has been a good leading indicator with a clear pattern and target–but other large altcoins COULD be tradeable with similar entries, targets and stop ranges — write us at cryptopatterns@gmail.com with any questions.

xmr early 4 7

vtc early 4 7

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) 2018 JBP cons, inc.  All rights reserved.

 

BTC ETH XRP crypto market wrap Vol 12 issue 2 4/3/18 8:30 PM EST

NOTE:  Today brough the move up for BTC and most altcoins that was essentially a “stick save” to avoid another crash (for now).  If you review recent posts you’ll see that SHORT TERM/INTERMEDIATE TERM:

  • BTC still leads the way
  • ETH has the most bullish set up – but has underperformed recently
  • STR/XLM has the most strength of any altcoin

We’ll review the ST/IT charts and plan to post any mod/high prob trade set ups worth considering in real time updates or early updates tomorrow.

We feel there will be many opportunities to “catch the bus” if this is THE BOTTOM, so instead of ST trades, the following LT update is worth sharing in our market wrap today to help you get a feel for the “Big Picture” for the crypto market.

CRYPTO MARKET LONG TERM TRADING ANALYSIS

tl:dr — the following charts offer a variety of key patterns indicators and targets that can help you adjust (or build) your LONG – TERM trading strategy.  If you’re serious about long-term success in trading or investing in crypto, we encourage you to study them carefully and welcome your questions or additional requests — just email us at

cryptopatterns@gmail.com

BOTTOM LINE CURRENT LT CONCLUSIONS BASED ON CHARTS BELOW:

  1. BTC currently has a strong bullish long-term edge to large Altcoins
  2. BTC might be at a LT bottom, but there are many signals that say lower prices are moderate probability. 
  3. ETH and XRP must both be watched carefully as they are approaching critical areas of support that must hodl for their LT bullish case to stay in tact.
  4. LTC and XMR (charts not shown) are the “next in line” large altcoins to watch as they have not yet made new crash lows while all others have.
  5. SPECULATION: The weakness in large altcoins vs BTC is a moderate prob indicator to watch that some (possibly most) will NOT move up “in sync” with BTC and “winner” altcoins LT.   Currently no large altcoin charts are showing they will ultimately keep pace with BTC LT, but we think that can and will change.
  6. SPECULATION: Reliable patterns and indicators have not worked consistently for several weeks, and we think this is a signal we’re still in a bearish wave as well as a “headfake” to get investors and traders to get shaken out of the LT Bull market (at least for BTC)

 

KEY ASSUMPTIONS (BASED ON OVER 2 YEARS OF MARKET HISTORY)

  1.  Bitcoin is the KING of cryptos – BTC drives the crypto market 
  2. ETH is the QUEEN of cryptos and is the most important altcoin in terms of technical analysis — in other words — it’s not high prob to bet on a LT large altcoin without careful consideration of the LT charts for ETH and how ETH might effect the price of any altcoin you trade.  Therefore ETH is our primary focus on altcoin charts.
  3. The large altcoin market LT analysis is more reliable than small lower volume altcoins–therefore ALL long term trading decisions for ANY crypto should consider BTC and the large altcoin market.

RED FLAGS FOR THIS LT ANALYSIS

— The huge increase in experienced traders, whales, bots and hedge funds over the last 3 months can lead to changes to fundamental patterns and conclusions in the charts shown below at any time.  “THEY know what we know” and THEY can change the rules at any time, however, history supports high probability fundamental technical analysis and trading is still the safest approach to follow.

–We are at the mercy of data provided by exchanges that are not closely regulated.  The conclusions above can only be as good as the data available.

— LT trading strategy should involve IT and ST trade execution — do not trade the following information without confirmation from shorter term time frames (or WAIT for that confirmation!)

Final trading notes:  

  1. Just because BTC is currently the most bullish LT — it’s not SAFE to trade 100% of your LT funds in BTC — they can change the set ups at any time (and probably will!) — but probabilities do say that BTC should play an important role in your LT crypto portfolio.
  2. Financial management is every bit as important as bullish patterns to SAFE trading — the charts below show just how far price can fall and still be bullish LT and this should be carefully considered in how much of your funds you dedicate to long term vs Short-term and Intermediate term if you want to avoid huge swings in your total portfolio balance.

MULTIPLE WEEKLY CHARTS — THE LONG TERM OUTLOOK FOR THE CRYPTO MARKET

btc lt fibs market wrap 4 3btc lt market wrap 4 3eth fib level lt 4 3eth usd lt market wrap 4 3ethbtc lt market wrap 4 3xrpbtc lt 4 3 market wrap

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) 2018 JBP cons, inc.  All rights reserved.