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:
- you won’t be able to execute trades on almost any trading platform due to insane volatility (mod to high prob)
- a full market crash as BCH and BTC moves in HUGE swings
- 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
MANY CHARTS — STILL MORE BIG MOVES COMING. END OF CYCLE NEAR?
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