BURST real time update 6 25 17 9:35 AM EST

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) 2017 JBP cons, inc.  All rights reserved.

NOTE: It’s so important to understand any ST or even IT trades attempted are against the current trend (unless you’re “selling short” which we will cover but don’t currently recommend).  What this means is trades that work in a bullish trend won’t work, or at least won’t work as well as they did just a couple of weeks ago.

THE KEY TAKEAWAY is to learn the patterns, indicators set ups, position management, and most importantly EXPECTATIONS so you can trade SAFELY in all markets.

If we’re truly in a LT Bullish market, bullish trends will be around again soon and last for months or even years (S and P 500 bullish trend now since 2009!) and you can be incredibly well prepared to make superior returns with minimal risk using high prob SAFE trading techniques like cryptopatterns — IF YOU’RE STILL IN THE TRADING GAME. (sadly, statistics say most won’t be in the game – let’s try to change that!)

Bearish trends can chew you up and spit you out in a hurry – use current uncertainty as an opportunity to learn while hopefully SAFELY making a bit of money as well–no trading rules against that 🙂

BURST

We’ve gone overboard to try to educate you in real time on BURST so click on the BURST link and see all the details.  Meanwhile, we have new updates to add — we’re simply going to show you the charts we’ve done over the last day or so and let you decide how to use all the info we’ve shared last 2-3 days (at least education, but trading at your own risk is an option).  Feel free to ask questions on these — you can use analysis like this  over and over in serious trading efforts:

MAY 24 – GREAT SAFE TRADE ENTRY at support did emerge – here’s some of the “case building”

BURST ENTRY 6 24

Could easily exit trade from yesterday with profit (price got up to 830 range) when it did not “breakout with volume” which is what you expect during wave 3.  Here’s the current set up 6/25:

BURST real time 6 25

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BURST real time update 6 23 17 11:45 PM EST

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) 2017 JBP cons, inc.  All rights reserved.

NOTE:  Please read 6/23 Market Wrap before studying this chart as there is a lot of background information that will help your trading.

Not discussed on this chart — SPECIFIC STOP LOSS RANGE — but you want to decide position size and if you’re going to use a conservative stop loss or agressive (risk more).  ST or IT trade needs to be determined as well — maybe we’ll have a better feel for general market trend by time a safe trade shows up?  No guarantees so keep preparing….

burst real time fibs 6 23

BURST real time update 6 23 17 12:20 PM EST

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) 2017 JBP cons, inc.  All rights reserved.

NOTE:  See how important DEFINING trade is?  Making decisions based almost entirely on TIME – time frame of trade — shorter time charts – little of this would be the focus if IT or LT.

Burst real time TIME 6 23

BURST real time update 10:15 AM EST

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) 2017 JBP cons, inc.  All rights reserved.

NOTE:  Here’s our line of thinking for managing the BURST trade — it could be completely wrong — and we always remember that. You have to be willing to be wrong (more than most are comfortable) to trade successfully which is a big reason most fail.

But our thinking you are about to read is strongly based on patterns, indicators and probabilities so we can trade it with confidence.  Study it closely – how does it compare to your trading strategy —

do you have ways to trade more safely and profitably to add?

questions about this chart that confuse you?

Let us know in replies to this post or email cryptopatterns@gmail.com

To stay in the game long term, study and consistent improvement need to be part of the game….

NOTE: As you study this you’ll see position mgmt can often times appears be fairly close to when others might be entering a new trade.  Specifically on this trade it says “pos mgmt” at top of candle in any case — that means if we drop STRAIGHT down right now to test that candle (high at 828) — at which point we’d be looking at the LOWER support (around 700) level of for re-entry (MUST reassess at that time–would threaten bullish case)

Otherwise–if we go up to test 1000 from here without going below the candle noted (828) we’d position manage in mid upper 900’s then look to reenter at UPPER support at 790 range — questions fire away….

BURST real time 6 23

 

BTC ETH LTC BURST Updates 6 23 17 9 AM EST

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) 2017 JBP cons, inc.  All rights reserved.

NOTE: See BURST chart below – we have said many times there’s always another bus to catch so maybe BURST just pulls away and we can’t find a great entry in our TRADE IDEAS updates — but we’ve updated here so you can evaluate and decide if appropriate (at your own risk) for your trading system.

MORE IMPORTANT NOTE: It’s easy to get distracted with high flyer trades -that’s what they want you to do.  We need to know the next big market move so we can be position OR PROTECTED.  We’ll be updating BTC ETH and LTC daily (most likely) until we have a clear trend and hopefully clear wave targets.

Of course, we’ll be updating other crypto from the USDT exchange to support the bullish or bearish case, but even if they break out or break down, we want to see confirmation from the real players in the crypto market.  With the patterns and key targets we’ve identified, now is the time to watch the market leaders and see where they lead us.

BTC UPDATE — same update as 12 hours ago – close important today –especially if we see higher volume

btc real time 6 22

ETH update 6 23

ltc udpate 6 23

AND FINALLY

Ok — BURST is an important pattern for your trading skills
1) did you miss entry last night? Are you dying to get in now?
2) do you wish you had “bet” more–thinking about adding?
WHAT YOU’RE THINKING AND YOUR TRADING PLAN IS MORE IMPORTANT THAN THE TRADE.

Take a deep breath — do your homework — this one might be a home run–or close red TODAY — stick to patterns and indicators and build a bullish case if this trade fits your risk and trading strategy (remember our guidelines say 5-10% of trading funds could be for VST trades)

burst update 6 23