BTC EOS ETH crypto market early updates June 16, 2018 9:30 AM EST

NOTE:  XBT closed with the bearish “higher high” reversal pattern which usually brings more downside — however XBT will not trade for the next 2 days.

Meanwhile ETH’s clock continues to tick as we’re now on day 4 of a reversal pattern which is the highest prob day for a move up to test the moving averages.

We show yesterday’s charts again as they are all still very much in play including trading and stop ranges.

We add EOS’ chart to show that key altcoin is now near key levels as well and high prob will be an indicator for the broader altcoin market.

As noted yesterday, even if we take the bearish path here and drop down to test the 2018 lows for BTC, probabiliteis say it’s an IT/LT opportunity to scale in SLOWLY as it’s high prob (not guaranteed but high prob!)  we’ll see the $7250 level again and possibly much higher at some point in the intermediate term

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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) 2018 JBP cons, inc.  All rights reserved.

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BTC EOS ETH ENG crypto market wrap Vol 14 Issue 3 June 13, 2015 9:20 PM EST

NOTE:  Early updates covered the keys that are still very much in play.  We have also had special requests today some of which are also worth reviewing so we’ll share those with our loyal subs in tonight’s market wrap

any other questions or requests write us at cryptopatterns@gmail.com — we’re here to help keep you SAFE and profitable (remember real world returns are measured in YEARLY RETURNS not weekly!!)

We’ve added a couple of notes above some charts so be sure to check them out.

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NOTE: Watch if ENG can continue to climb if BTC or ETH falls — that rarely happens

NOTE 2: EOS has same set up as ENG so watch that too!

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NOTE:  ETH is also now on day 2 of a bearish higher high reveral pattern that can drop for 2-6 days before moving up to test the moving averages.

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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) 2018 JBP cons, inc.  All rights reserved.

BTC XBT EOS ONT early updates June 12, 2018 9:20 AM EST

NOTE:  Price action still supports a focus on BTC as market continues to move in response to BTC.

Short Term/ Intermediate Term trading – Sidelines is a fine place to be but the fact remains there are very clearly defines stop ranges that can be used as entries with very low risk — just know the probabiltiies for any ST/IT trade are moderate probability at best.  Chart below shows VERY current set up.

Long Term — We still have weekly futures chart at bottom of oversold channel — this will move up at some point and is support for AT LEAST the LT bullish case for BTC.

OTHER FACTORS (not as important as BTC chart)

MAJOR ALTCOINS — Moving with BTC though EOS continues to hodl bullish pattern shown yesterday — if that breaks down and closes under $10 range = fiat for EOS and likely altcoin market ST and possibly IT is safest place to be until we see a new bullish set up.

NEWER ALTCOINS — In response to a special chart request, we show the chart basics of ONT below which is a recent ICO through the NEO platform and has had a very bullish chart (different from most large altcoins) —  as you can see there are a number of red flags that say ONT can be traded safely using the channel shown, but highest prob would be to wait for a confirmed breakout with higher volume.

4 CHARTS — DEFINE ALL TRADES — VERY HIGH RISK SET UP IF WE BREAK SUPPORT

NOTE:  BTC chart should start by saying — BTC did not make a “higher high” so far today…. Also note bull case needs to see price above $7000 (ideally $7250) today or probabilities become high prob for bears and stops should be tightended or ST/IT positions should be reduced/scaled out.

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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) 2018 JBP cons, inc.  All rights reserved.

BTC XBT EOS crypto market early updates June 11, 2018 9:30 AM EST

Wave 2 pic

NOTE: Many notes between charts below — good day to study!

Just how bearish are you feeling about the crypto market after yesterday’s blood bath?  Probabilities say you probably should feel bearish BUT they don’t just give money away in crypto trading, so…..

We think it’s worth reading about Wave 2 and Wave 3 above and then study our charts and think about what SAFE trading really means for long term success…Also maybe a good day to reread our educational WAVES post?

CURRENT MARKET CONDITIONS

Continuing our list of key trading crypto concepts from yesterday:

When a market crashes highest probability is “there is no place to hide”

That’s exactly what happened yesterday — plus nearly every other pattern and indicator you study has to lead you to the conclusion that the move down yesterday was a REAL move and not a headfake.

HOWEVER — here are a few questions we are asking that COULD change that analysis:

1) Why didn’t they take out the lows and create pattern AND wave failure below the $6000 range for BTC?  

2) Why didn’t they even take out the recent lows at $6425 making new 2018 lows high prob??

3) Why is the bullish pattern still valid for EOSUSD on the Kraken chart when BTC and the large altcoins all showed pattern failure yesterday?

The bearish case answer to these interesting questions is easy:

We’re saving more crash destruction for today so everyone can watch their account balances plummet.

That’s a damn good answer, and it’s the highest prob outcome given the current set up, meaning questions 1-3 above will all be resolved with more downside.

BUT — as we’ve said before — this is where the money is made (and lost) — and while we might be headed much lower we are again set up with a SAFE trade opportunity with very high upside that you need to study and determine if it fits your SAFE trade strategy.

JUST KNOW — this SAFE trade becomes extremely DANGEROUS (as in blow out account dangerous) if you can’t or won’t honor your stops

4 CHARTS — LINES IN THE SAND FOR THE KING AND THE MOST WATCHED ALTCOIN

BTC – shows wave set up and clear stop levels — highest prob is <$6250 more agressive <$5750 — below that $5000 and lower becomes mod/high prob

ST/IT TRADE STRATEGY = Enter on dips — PICK STOP AND HONOR THE HELL OUT OF IT highest prob or aggressive stop 

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NOTE:  We’re using Kraken EOSUSD due to recent unique volume patterns and otehr reasons.  However, it’s also worth noting EOSBTC (binance) has same bull pattern still in tact AND has a set up for a bullish lower low reversal if we close above yesterday’s low today.  This is currently only a moderate prob trade but well worth studying even if you don’t trade it.

Also: Watch ETH if EOS breaks down — so far ETH has just moved with BTC as usual, but ETH MIGHT be a winner if EOS is a loser — at least worth watching…..

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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) 2018 JBP cons, inc.  All rights reserved.

BTC XBT EOS crypto market early updates June 10, 2018 10 AM EST

NOTE:  The current market set up brings up several concepts we often repeat:

  1. Part of a good ST/IT trade strategy should consider market “character”
  2. Bullish patterns fail in bear markets
  3. Close is what matters                          and of course
  4. They can take price wherever they want AT ANY TIME

#1 is the one we’re focused on right now — The crypto market is showing a completely different price action and volume character than in the past — as we’ve noted you’ve got zillions of new huge investors and traders now trading crypto but lately volumes are much LOWER?  A huge move that gets social media all worked up is BTC $7500 down to $7250?  No daily altcoin up 50% or more moon shot?

What does this change of market character mean?  Long term subs know our answer — it means SOMETHING — and at the least it should make traders more conservative and defensive.   Which leads to one more concept we are dusting off that we used to say all the time (until we got the answer probabiltiies said we would last december/january)

ARE WE IN A LONG TERM BULL MARKET FOR CRYPTOS OR NOT?

If you study the current long term charts — click on link for LONG TERM ANALYSIS our JUNE CHARTBOOK we shared last week and if you read the latest news — for BTC and most key altcoins the answer is YES.

But just like twitter took over a year to meet our pattern targets around $40 (we posted update last week–see Stocks link) — THEY have endless money and can play games for longer than you can imagine — and even then higher prices are NEVER guaranteed.

BOTTOM LINE TAKEAWAY?  Of course it’s another trading concept we say more than often than any other

STAY SAFE — THIS WILL ALLOW YOU TO STAY IN THE GAME (profitably per current patterns!)

Current Market Conditions

The patterns are still very bullish for EOS at least IT/LT, but the only chart worth really watching is BTC — while they have changed the market character for price and volume action, one thing is still crystal clear:

BTC is THE KING and the market still moves with it — until it doesn’t.

4 CHARTS — 3 BTC/XBT and EOS — Watch them no matter what you trade/hodl.

NOTE: the two XBT charts are from recent posts and still in play

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NOTE: Daily XBT indicator is not nearly as oversold as weekly (closer to overbought!) so could see strong drop before reversal — this supports honoring stop loss ranges — defining intraday stops and watching for reentry set ups.

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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 EOS real time update June 7, 2018 8:30 PM EST

NOTE: XBT held (hedled 🙂 it’s gap (chart shown again from early below) so that is a bullish sign.  Add to that a bullish divergence on EOSUSD and SAFE trade opportunities and well, here we are….

If EOS fits your trade strategy and you want a good risk/return trade — now would be the time (but to be clear — this is not a trade to build a position and hodl) probabilities say just get out if we fall below $12.50 USD on Kraken if you can’t do that this is not the trade for you.

HOWEVER– if you’ve had a computer on for the last 2 months you know that THEY are manipulating the hell of this market so if you’re not ready to lose a defined amount of money for ST trade – then sidelines is a fine place to be — OR JUST STAY SMALL — practice real world trading!!  Of course there’s always another bus so you can always enter later if we show a confirmed bullish move….

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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 EOS OMG GNT crypto market early updates June 2, 2018 10:45 AM EST

NOTE:  Welcome to June!  We have some improvements for subs headed your way — a new website and more content — you’ll be receiving info via email soon — please share your feedback, we want cryptopatterns to be as helpful as possible!

PLUS — LT charts are coming — we think you’ll find them useful — sneak preview — they support the LT bullish case for EOS and BTC (though use ST charts for ST/IT trades!) 

FOR TODAY:  We want to share updated charts on EOS and BTC but we’ll also include several charts from the last week or so that are still very much in play.  Here’s a summary then the charts:

  1. BTC — We’re on track to fill that gap on XBT we shared 2 days ago SO FAR….
  2. EOS — We’ve shared bullish patterns for some time — bulls have the ball….
  3. GNT — Bullish set up still bullish….
  4. OMG — Good name for the upside here — now showing bullish signs
  5. MAID — Stubborn bullish behavior — trades still valid, but time running out…
  6. STR/XLM — not shown but see prior posts — patterns bullish….

MULTIPLE CHARTS — BULLS HAVE THE BALL

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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