BTC ETH EOS ZEC crypto market wrap vol 13 Issue 1 May 1, 2018 9:10 PM EST

NOTE:  The range is tightening of patterns for key cryptos — and just to make it more interesting, BTC closed bearish, while EOS and ETH closed bullish (see charts below) — does that mean altcoins are heading higher while BTC drops?  History tells us that’s low probability.

To keep it simple, we’re waiting for a breakout or a breakdown of many bullish patterns that are right at key levels — and we’ve shared a strong two strong examples with ZEC and DGB charts below (there are many more-see prior posts-or write us with questions!)  but, in the end we think focusing on the BIG 3 BTC ETH and EOS will tell the story.

AND we just can’t give a clear trading edge to the bulls (though there’s a strong case) becasue we still don’t think it’s smart to bet against THE KING BTC.

Wouldn’t be too quick to buy or sell here — first big moves can often be headfakes — but would DEFINITELY pay attention– big moves are once again coming.

5 CHARTS – SETTING UP FOR BIG MOVES

note:  XBT Futures closed red with slightly higher volume — did not change set up from yesterday’s post (chart added again below) but does add to the bearish case

btc market wrap 5 1xbt 4 30 market wrapethbtc market wrap 5 1dgb market wrap 5 1

zec mkt wrap 5 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) 2018 JBP cons, inc.  All rights reserved.

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BTC XBT EOS STEEM crypto mkt early updates 4 12 18 7:45 AM EST

NOTE:  We’re seeing a strong move up for BTC.  Does this mean the strength we saw in the smaller crypto market shown in our last post was an indicator of a BIG MOVE for the entire market or is this just another “relief rally” for BTC?

It’s too early to say for sure but it’s the first time in some time we’ve seen BTC and large altcoins both move up with strength so that adds to the bullish case.  On the other hand, as the XBT chart shows we need to move up quite a bit quickly to avoid bearish divergence as indicators are already approaching overbought levels.

What we’re watching most closely is how this strong move in the larger crypto market effects the small cryptos that were looking so bullish.

Did they “headfake” a rotation to smaller altcoins only to rush back to BTC and take more ST trader money, or will the entire market keep rallying?  It would be very bullish if we saw the smaller cryptos moving up as strong or with more strength than BTC and large altcoins.

Close today and tomorrow should offer important clues on how “real” this move is and what sort of targets we can expect.  Not a high prob move to rush into any trades here — scaling in makes the most sense till we see where THEY are investing their money….

MULTIPLE CHARTS — BTC STRENGTH END FOR ALTCOINS OR IS THIS A REAL MARKET WIDE MOVE THAT COULD MEAN SOMETHING INTERMEDIATE TERM?

xbt early 4 12

bts early 4 12dgb early 4 12eos early 4 12steembtc early 4 12

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 BCH ETC LTC DASH crypto market early updates 12 20 17

NOTE:  Welp — patterns kept us safe yesterday and cryptopatterns called yet another crash (think that makes us 4 for 5  or something like that for 2017– haven’t seen any system do better)

— but now we have decisions to make because EVERY crash in 2017 has been met with a strong recovery — SOOOO…..

will BTC recover and go to $20000?  Altcoins skyrocket?  We don’t want to go “all in” here but we DO want to take advantage of bullish set ups and not completely miss the bus if possible — how can we trade SAFELY now?

BCH and Coinbase have thrown the crypto market into chaos — or at least that’s what THEY want you to believe.

The patterns showed BCH very bullish and BCT due for at least a pullback for quite some time as we’ve covered here in the newsletter.  Seems like there’s always “news” that helps explain the charts — but focusing on the patterns and indicators and minimizing “the noise” along with SAFELY defined trades is your key to LT trading success.

That said, things are definitely chaotic and ANYTHING CAN HAPPEN — you have to accept that if you are going to survive –but here’s what we’re seeing now:

Altcoins SLIGHT EDGE TO BULLS  — Maybe something else is going on because only DASH, XMR and ZEC have really broken out — but we work with pattern trends and as of now the pattern is

DASH GOES FIRST (which it did as we showed you in real time update!) and rest of large altcoins follow.

That’s a lot easier to type than it is to trade as most altcoins have bearish patterns — but, as ETC chart below shows — they all have a moderate probability of creating pattern failure which could lead to good moves to the upside.

BTC – Indicators TOP is not in AND Bottom is not in = NO TRADING EDGE

The LTC chart we did recently for one of our most successful subs shown below gives you a feel for where BTC is at vs altcoins — LTC is about to break out with huge upside VS BTC

Does that mean BTC crashes and LTC holds steady vs USDT?  or LTC skyrockets and BTC lags?   Maybe this pattern fails and BTC goes sky high and LTC crashes (low prob)

Keep an eye on LTC/BTC and the USDT charts IF we see a breakout here — will likely tell a lot about the direction of BTC’s next BIG MOVE

SMALL HIGH RISK ALTCOINS ARE ON THE MOVE

We mentioned the coins on the BTC exchange were showing bullish signs–now we have breakouts from DGB, SC and BTS –all of which we’ve covered in the past with potentially huge upside.  FCT is at recent highs as we noted — it’s actually a larger altcoin but only trades in BTC (not in USD or USDT) — keep an eye on all of these coins

WAVE 5 IS IN FULL SWING — CAN END AT ANY TIME!

Now you’re seeing the chasing and huge volatility that comes at THE END of a bullish wave cycle — probabilities say this means a correction for most if not all cryptos is coming SOON  (BTC MAY have already started, we’ll see).

But as we’ve said, some of the biggest gains can be made at the end of a WAVE 5 so if you’ll commit to our 3 KEYS TO SURVIVAL — you can trade in this market (which keeping a LOT of cash available at all times!) until the music stops –which is likely sooner than later–so be ready.

FINALLY — GDAX which is the exchange for Coinbase is going to start trading BCH at 9 AM today (75 minutes from now) — PLEASE be ready for ANYTHING at that time including:

  1. you won’t be able to execute trades on almost any trading platform due to insane volatility (mod to high prob)
  2. a full market crash as BCH and BTC moves in HUGE swings
  3. altcoins crashing even though some have broken patterns –remember CLOSE IS WHAT MATTERS

In other words — they COULD end WAVE 5 TODAY — low to mod prob based on patterns–but pulling the rug at any time means ANY time

STAY SAFE!

MANY CHARTS — STILL MORE BIG MOVES COMING. END OF CYCLE NEAR?

dash real time 12 19etc early 12 19LTC btc 30 minute special 12 18LTC btc mkt wrap 12 17

sc early 12 19

 

 

 

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 NXT DGB crypto market early updates 12 17 17 10:30 AM EST

NOTE:  If you are interested in staying on the side of highest prob trading probabilities you currently have a strong cash position.  For the positions you’re still in BTC or large altcoins ST/IT you’ve got clearly defined trail stops and have no problem honoring them and watching the bus leave without you if they get hit.  Patterns currently show no reason to adjust our LT positions.  That’s the current situation.

If you need key targets and stop range levels you can click on any cryptos category to see our most current updates…..

However

Even if BTC gets rekt today (next several days), we’re seeing signs that the LT case for BTC is still in tact and moderate probability the IT case is still in tact.  Here’s some support for that bullish case.

  1. There are multiple bullish charts for altcoins on the BTC exchange (of course there’s ARDR, but also XVG, ADA, DGB (chart below) and more) — These coins might shoot up to their targets if BTC drops but IT these smaller coins have not going higher without BTC going higher.
  2. Multiple large altcoins are still at or near their highs — pretty much all of them– most have patterns with much higher targets which could certainly be hit after a pullback.

Of course there’s a bearish case to consider, and we want to avoid just buying any dip that occurs (as so many will) but as we’ve shared multiple times, when a true correction/crash begins — it moves very quickly and leaves

NO PLACE TO HIDE

That has not happened yet (could today but hasn’t!).  So while we still see strong bullish charts, the SAFE TRADING music plays on.  For today that means locking in some profits and managing trailing stops – but it also means watching for new safe trading opportunities that could be coming soon.

BTC EARLY 12 17dgb early 12 17NXT 12 17 early

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 crypto market wrap Vol 7 Issue 2 12 3 17 10:45 PM EST

NOTE: Travelling with different computer so charting is sketchy but wanted to get update to subs and guest to keep you on top of patterns and indicators.

DASH continues to be the chart to watch so we’ve tried our best to update it below — however here are some other highlights you can check out on the charts based on our review of the current situation.

BTC’s and BCH’s  nice recovery from lows today keep the bullish case in play -we shared yesterday that flag and pennant patterns can drop quite a bit and still be valid — now if we don’t see action to the upside in next 24 hours—different story…. Also means SOMETHING that BTC and BCH are moving together….could be very bullish or red flag — next day or two plus watching DASH will help determine which….

REP — apparently didn’t like our comment about being strange from early updates — now has very bullish pattern along with POSSIBLE wave pattern showing targets much higher — for now if your research supports the bullish case for REP highest prob is scale in SLOWLY as REP has a lot of work to do to prove it’s breaking out –especially REP vs BTC

—-Other large altcoins had lower low reversals today –– strongest would be ETC but also seen on ZEC and as mentioned DASH — not same pattern on other altcoins so that only slight edge to bulls for continued upside prices confirming  this pattern, but still moderate to high prob of test of moving averages for many cryptos in near future (1-6 days).  Would be nice to see these coins move up with high volume to support bullish case today.

MODERATE SIZE CRYPTOS that trade on the BTC exchange showing POTENTIAL bullish patterns — Best examples here are OMG STRAT and VTC (THE WIDOWMAKER –careful!!)–none of these patterns are high prob trades at this time…. same for:

SMALL CRYPTOS WAKING UP — We see bullish patterns beginning to emerge in old favorites DGB and SC (where patterns called a 500% move back in the day)

Add to the last two comments that ARDR closed with an edge for bulls and there are

THREE POSSIBLE PATHS FOR NEXT BIG MOVE we’re assessing the probabilities:

  1. A ROTATION for large altcoins over to the BTC based smaller and moderate size coins that have been destroyed over the last 2-3 months
  2. An explosive move in the entire crypto market –setting up the likely upcoming correction
  3. A complete headfake and just take the market down from current levels sooner rather than later.

TRADE STRATEGY IDEAS –as of right now still SLIGHT EDGE TO BULLS

Watch the clearly defined stop range on DASH (as well as ETC) closely = yesterday’s low  should be a good indicator for BTC and large altcoin market based on recent price action.

The 3 keys to trading in this market of course still apply — see today’s early update if you need a refresher….

For now, on the mid and small cap cryptos – we think the highest prob trade strategy is to find the coins you have the most confidence in and scale in a VERY SMALL position and add very slowly if you see prices drop — consider it an IT/LT position and be prepared to use a wide stop range which could mean you are willing to lose 30-70% of the funds invested (when we say small position we mean it)

There is so much upside in some of these altcoins that a small position can produce great returns if it explodes right now — AND you can always add on the way up — NXT showed a great example of how that could work over the last 2 days.

This is simply not the time in the wave cycle that you want to be fully invested — so error to smaller vs larger positions — Or you could play it really SAFE and not front run the emerging bullish patterns on these smaller cryptos as there is plenty of upside if they breakout and confirm — so you could add as a “momentum trade”

More charts soon — meanwhile do your own study and watch for BIG MOVES — as today proved, in current conditions then can and do come at ANY time.

dash12317

 

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.

 

 

 

 

should be able to improve charting soon but meantime any questions write us at

 

 

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 ETH LTC NEO crypto market early updates 10 2 17 9:30 AM EST

NOTE:  BTC confirmed it’s bullish breakout above 4250 yesterday by closing above for a 2nd day.

What exactly does this mean?  It doesnt mean BTC is guaranteed to get to $5000 and beyond.  We know that anything is possible.  What it does mean is that the

EDGE IS TO BULLS

So we look for bullish setups to trade.  And yesterday, we shared a large bullish pattern for BTC – -THE HERE WE GO PATTERN (see charts below). Today we add ETH and LTC to assess THE BIG 3 to get a better feel for the crypto market in general.

MARKET BEHAVIOR IS A PATTERN

We got the bullish reaction we expected at the close yesterday when it was clear we were going to close above $4250 — BTC shot up to $4400 and has almost hit $4500 as we write this — however, we’re now seeing a large pullback which is a red flag to watch.  How deep this pullback goes will give us a feel for just how bullish things are right now — plus don’t forget — WE STILL HAVE NO VOLUME CONFIRMATION (move up has been on low volume so far) — it will come and very high prob it will be important….

There’s a lot more on the charts below to study and you’ll see some keys that may be helpful in building your ST/IT trading strategy for the large crypto market.

LARGE ALTCOIN TRADES/INVESTMENTS – Only NEO…for now….

The patterns for other large altcoins don’t look nearly as bullish as BTC.  This could mean a break from our “in sync” pattern and BTC’s heading to 5000 while ETH, LTC and the other large cryptos fall.  We don’t see that as high prob, but, for now, with the excption of NEO — see recent post– there’s no pattern support to enter or scale into a trade with a large altcoin vs BTC.  Prior bullish waves say the current set up COULD offer a great opportunity for large altcoin investments at some point but it’s not something to be front run at this time….we haven’t forgotten multiple large cryptos said TOP NOT IN (XMR, ETH for example…)

SMALLER ALTCOIN INVESTMENTS

There will be some significant opportunities for great returns with some smaller altcoins (especially if we do see a drop in larger altcoins) and we offer one today — an oldie but goodie = DGB

BUT until we see higher volume and a decisive move (ideally breaking out of BTC’s HERE WE GO pattern) being selective with altcoin trades and staying conservative with GREAT risk/return sets and safe position sizes is highest prob.

CHARTS — THE BIG 3 (OR JUST THE BIG ONE?) AND DGB FINALLY READY FOR MOVE?

btc daily early 10 2btc here we go early 10 2ETH early 10 2LTC early 10 2

DGB early 10 2

 

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 DGB ETH SC crypto mkt early updates 8 15 17 9:40 AM EST

NOTE:  PLEASE READ NOTE BELOW ON SC — EVEN IF YOU DIDN’T TRADE IT.

Three cryptos worth watching in addition to the charts below are

  • LTC – we’ve called for a retest of $40 for some time – low so far today $41.19
  • BCH – study how it moves if BTC continues to correct – so far has hovered around $300
  • NEO – has dropped as expected – now watching for divergences which could indicate high prob trade – adding recent chart to show some entry strategies.

We’ll provide updates in separate posts.

3 CHARTS –

  • BTC SHOWS WHEN A STOPPED OUT TRADE IS A BETTER TRADE
  • SC SHOWS THERE’S PLENTY OF $$ TO BE MADE ON THE LONG SIDE W/O SHORTING!
  • ETH SHOWS THE USDT MARKET MAY BE IN SYNC W/BTC – NOT NECESSARILY A GOOD THING!

btc early 8 15ETH early 8 15

If you did not take the SC trade — it’s important to ask yourself why? — if it simply doesn’t fit your trading strategy then that’s great — TRADE YOUR PLAN.  But we noted SC had many bullish patterns and would be likely to benefit from a pullback in BTC and scaling in reduced risk even further so this set up was about as strong as you’ll find in trading.  That doesn’t mean it won’t reverse today and not show a great return—it just means there was very little risk with great upside = VERY SAFE TRADE

Study the set up and why we indicated trade was high prob so you’ll know what a great set up looks like when they arrive for cryptos you choose to trade– more busses are coming!

sc early 8 15

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!