BTC DASH ETH XMR crypto market early updates April 22, 2018 11:05 AM EST

NOTE:  Is current continued bullish price action across the crypto market an “all clear sign” for cryptos that we’re off to the races higher?  It’s possible but patterns and indicators support the highest probability ST/IT trade strategy continues to be:

CONTINUE TO USE TRAILING STOPS OR TAKE PROFITS ON POSITIONS AS YOU SEE STRONG MOVES TOWARDS PATTERN TARGETS.

Translation?  Patterns support a pullback for the crypto market — possibly a large, sharp pullback.  The key question is FROM WHERE?

Here are 3 key indicators we’re watching that support the case for a “pullback” sooner rather than later.

  1.  Moderate performance (SO FAR) from smaller cap crypto market — we like the strength but now we want to see strong follow through (bigger increases overall) with volume.

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2.  Approaching or Hitting key resistance levels for MANY key cryptos (BTC, XMR, BCH, ETH and others) — how price reacts at these key levels–if it hits those key levels ($9500 BTC for example) will be important to managing ST/IT trades.

3.  XBT FUTURES — not open during the most recent leg up for BTC this weekend and already overbought — here are multiple charts from recent posts with one new note with details of BTC’s set up.

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xbt market wrap 4 19

NOTE:  The note in this updated chart should say OVERBOUGHT not oversold….

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Keep in mind this pulback could start from MUCH higher prices which is why we want to continue to manage existing trades AND trade bullish high prob set ups — as long as we execute our trade strategies to STAY SAFE without hesitation.

3 ADDITIONAL CHARTS — ETH DELIVERING AND OUR TWO LEADING INDICATORS WORTH WATCHING.

ETH chart from prior post — still very much in play —

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dash early 4 22xmr early 4 22

 

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 DASH ETH crypto market wrap vol 11 issue 4 3 24 18 8:45 PM EST

NOTE:  As we mentioned earlier this year, cryptopatterns is working on improving our site for subscribers — we have partnered with other professional traders as well as experienced developers and we are excited to share many improvements with you soon.

For now, we will be doing some video updates to practice using some of the new technology.  Feel free to share any feedback you have about our changes as we share them with you — we want the site to be as helpful as possible.

Here’s today’s video / market wrap — we are also adding the BTC DASH and ETH charts in the video as well as the BTC and XBT charts from yesterday’s post that were very important to today’s trading and the current set up for both BTC and altcoins.  Details are on the video — if you prefer the written outlines let us know–for now we’ll have some updates written and some with vids so you can help us improve.

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btc market wrap 3 24dash market wrap 3 24eth market wrap 3 24

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 XBT DASH crypto market early updates 3 7 18 8:45 PM EST

NOTE:  Price action for both BTC and altcoins is right in line with the probabilities detailed in our last post.  The following charts show the latest set ups for key coins BTC and  DASH that still indicate no clear trading edge ST and IT/LT edge still to bulls.

We also share a high prob SAFE set up for small altcoin VRC (from a sub special request chart) that’s worth watching even if you don’t trade it because VRC has been around for a long time and you wouldn’t expect a small altcoin to move up if BTC is about to tank…..

The only red flags we’ll add for consideration is the higher volume on the drop yesterday — was not all that high but still higher and that’s a red flag, and the turmoil in the US stock market — driven by political events (allegedly).  These are worth watching but do not effect the probabilities for the patterns in play in the current set up at this time.

4 CHARTS — NOTHING BEARISH GOING ON HERE — SO FAR…

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xbt futures early 3 7

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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 XBT DASH ETH crypto market wrap v 11 issue 1 3 5 18 8:30 PM EST

NOTE:  We’re seeing a “stealth” case building for altcoins, at least intermediate term vs USD/USDT but also growing stronger vs BTC.

What is a “stealth case” ?– it means we can’t present clear high probability patterns and indicators, but we’re seeing price action and divergences that are often signals of a bullish move higher.  This means large agressive trades are NOT SAFE at this time, but starting to scale in could make sense here for IT/LT positions if it fits your trading strategy.

That said its’ vitally important you keep the following 3 keys in mind.

  1. There is not a single high probability trade for large Altcoins VS BTC short term — though XMR STR and DASH are getting close
  2. BTC is still equally or more bullish than large altcoins as we post this — so the bullish case only applies to IT/LT altcoin positions vs BTC at this time.
  3. We have NO HISTORY of ALTCOINS UP BTC DOWN — and we’re dropping after the close today and large altcoins are currently dropping just as hard or harder than BTC —this time MIGHT be different but there is no tradeable edge — This means we need BTC bullish for altcoins to move higher–until proven otherwise!

BOTTOM LINE TAKEAWAY – STARTING IT/LT  LARGE ALTCOIN ACCUMULATION COULD MAKE SENSE HERE.

This could be a good starting point for scaling into IT/LT positions on altcoins that your research supports.  Keep in mind we could still drop 50% or more before we see a confirmed bullish pattern/move — but the charts below say it’s equally likely we’ll see a strong move up in altcoins without a significant drop — but to trade SAFE scale in slowly, stay small for now and use wider stop loss ranges.

Note: we’re seeing some bullish price action and patterns in some small cap altcoins as well (we plan to share a few soon!) –but this post and analysis only applies to the large cap altcoin market.

6 CHARTS — BEARISH DAY BUT IT/LT BULLISH SIGNS GROWING

NOTE: We think traders should be picky about altcoin trades and very careful building IT/LT positions– while the weaker performers could catch up quickly (like ETH for example), the new world of crypto with wall street involved could leave some altcoins behind — IF we do see a rally that is….

BTC market wrap 3 5

xbt market wrap 3 5

Yesterday’s BTC chart for reference —

btc early 3 4

The note for this chart got cut off – -should read – -LARGE BULLISH inv head and shoulders pattern on 30 min chart.  Dash has shown multiple times they are leaders in bullish altcoin moves and now the …..

dash 30 minute 3 5 market wrapdash market wrap 3 5ETH market wrap 3 5

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 XBT ETH DASH LSK crypto mkt early updates 2 9 18 9:25 AM EST

NOTE:  We’re seeing bullish signs in the crypto market early but without a BTC breakout above 8400 (see charts below) there’s still no trading edge.

That said there are some important clues traders should watch from both DASH  and the XBT Futures and even LSK from the BTC Exchange that seem to be building a groundswell of support for the bullish case.

We again remind you that even if we see a strong breakout, it is likely bullish Wave 1 and they can retrace that 100% for Wave 2 and still remain bullish —

Takeaway? Have a clearly defined trade strategy and  continue to take profits when you earn them for ST and even IT positions — adding to positions and just  turning off the computer is not high prob for profits at this time (and is rarely the  best way to trade ST/IT funds at any time).

5 CHARTS — IMPORTANT PATTERNS AND TRADE STRATEGIES PLUS CLUES FROM THE ILLUMINATI

Note – the BTC chart was prepared yesterday for a special chart request but is very much play and can be applied to nearly every large altcoin as all charts are similar (ETH just breaking out now for example)….

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dash early 2 9LSK daily 2 9XBT futures early 2 9

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.

BTC DASH ETH crypto market early updates 2 3 18 7:15 AM EST

NOTE:  Patterns played out exactly as projected yesterday so maybe we’re not in a bizarro world where low prob moves are the rule of the day?

There are still many bearish signs, but now we’re now seeing bullish behavior from BTC and all the key altcoins as well as our favorite key indicator

DASH likes to go first!

And the best part is there is a SAFE trade with a bullish pattern for most of the large crypto market so we wanted to share it with subs asap.  (for conspiracy theorists adds to the bullish case that we’re moving at hours the fewest are watching).

IMPORTANT: We would call this trade high prob but “officially” we are still in a bearish wave and bullish patterns tend to fail in bearish waves — STAY SAFE and be willing to get stopped out and back to the sidelines with a loss or do not consider this trade–wait for a confirmed bullish pattern!

that said — yesterday played out with probabilities AND bearish higher high reversal patterns can reverse after 2-6 days — today is day 2…..

IS THE BOTTOM IN?

There are very mixed signals and with $7250 looming we’re unwilling to make that call — plus with a safe “sort of” high prob trade available it really doesn’t matter if the bottom is in or not to consider this trade.

HOWEVER if you go back and review our comprehensive bullish case for the bottom being in (we’ll find and add a link later) you’ll see that all the signs are back in place only stronger.

Plus we love all the bearish talk out there (including our own!!)

3 CHARTS — SAFE TRADE AVAILABLE

BTC TRADE STRATEGY — enter on dips – -conservative stop range is exit trade if we don’t close above $9150 (poloniex) — moderate <8500   aggressive — scale in slowly for LT trade stop range <7250

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NOTE: DASH target is actually $750 range…

DASH early 2 3ETH early 2 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) 2017 JBP cons, inc.  All rights reserved.

BTC DASH ETH crypto market wrap Vol 10 Issue 1 2 1 18 11:30 PM EST

NOTE:  We’ll cover more keys to watch in tomorrow’s early updates, but we wanted to share some key patterns that effect tomorrow and ST trade strategy asap for your consideration.

The biggest question facing the crypto market as we post this is

How strong is ETH?

While BTC and other key altcoins crashed to new lows for this move today, ETH is about 20% above its lows (it’s not alone STR/XLM is also well above lows).  Is that a bullish divergence or a sign that the crypto market has much farther to fall while ETH tests its lows as well.

We’ll show patterns indicators and targets to give us the highest probability of finding the next profitable ST/IT trade for BTC, ETH and the rest of the crypto market, but as of now, there is NOTHING supporting the bullish case over the next 24 hours, UNLESS we see pattern failure on the charts shown below OR you want to play low probability trades which would have made you a LOT of money over the last 2 days….however just know it’s a dangerous high risk game that almost always ends badly for the average trader.

We’ll stick with high probability trading and staying safe and profitable for the long-term.  We strongly recommend focusing on the fact that the losses sustained getting stopped out SAFELY on ST/IT trades today are NOTHING compared to the trades during bullish waves we’ve traded when the probabilities are on our side.

3 CHARTS — BEARS HAVE THE BALL — PERIOD.

BTC market wrap 2 1DASH market wrap 2 1ETH market wrap 2 1

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.