BTC ADA BCH XRP IOTA DCR crypto market wrap vol 14 issue 1 June 3, 2018 11:59 AM EST

NOTE:  The slow grinding short term bullish trend continued today and all patterns/trade strategies shared in prior posts are still in play.  We’re sharing a number of charts we haven’t covered recently in this post (and will follow up with more tomorrow like ETH, DASH, NEO and  XMR) to help offer an even broader picture of the crypto market that supports the current set up which is

SLIGHT EDGE TO BULLS

Why only a slight edge?   Here’s a couple of takeaways that help explain:

  1. Strong bull waves don’t like to wait around for everyone to join in and make money and this market is moving WAY slower than typical bull waves (with a few exceptions –see BCH chart below).
  2. Volumes are very low and we’re seeing almost NO “moon shots” or even pump and dump type bull moves — those usually happen even if BTC goes DOWN, so this is a red flag to get a bit more defensive.

Charts show a lot more details– We think DCR is especially interesting and worth watching as it’s still under the radar but has a very strong set up for a HUGE MOVE that for some reason simply is not happening…YET (which we think could also be true for the entire market)

Bottom line is there will be higher probability set ups for entering trades so review your positions and be sure you have 100% confidence in each position or adjust it and have ONLY CLEARLY DEFINED SAFE TRADES IN PLACE.

MULTIPLE CHARTS — GRINDING OR COILING?

NOTE: Gaps tend to get filled and now XBT has gaps above AND below current price — keep that in mind in all ST trade strategies.  XBT chart from Friday shown for refernces 1st:

If you have any altcoins you want to see updated please write us at cryptopatterns@gmail.com and we’ll try to include as soon as possible.

xbt 5 31 market wrap

Showing all charts vs BTC as market continues to move with BTC and we want to see which altcoins have highest prob of outperforming BTC….

adabtc market wrap 6 3

BCH

bchbtc market wrap 6 3

BTCUSD

btc market wrap 6 3

DCR Decred

dcr market wrap 6 3

IOTA – note this was special request chart from earlier- has similar set up to BCH but dropped today–pattern still valid as we post this:

IOTA LT review 6 3

XRP

xrpbtc market wrap 6 3

 

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

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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

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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.