BTC XBT ETC LTC XRP crypto market wrap Vol 10 issue 5 2 12 18 11:00 PM EST

NOTE:  tl:dr  We have some interesting patterns developing for BTC and other key altcoins that are likely to result in the next BIG MOVE in the crypto market (potential targets of $17000 or $3000 BTC catch your attention? ) We thought so….

If that’s not enough — today’s price action for XRP now has us a little paranoid that altcoins won’t keep pace with BTC even if BTC breaks out.  Don’t panic but don’t ignore the charts either…

Scroll down to charts below for more

OR here are the details for those interested:

Another day, another altcoin spike.  This time ETC shot up and closed above the bearish “higher high’ reversal pattern with higher volume.

Why no “real time update” telling you to pile in?  Because we’ve seen this game for days now, first BCH, then XRP and now ETC.  Just because they spike up doesn’t mean they’re going to the moon…yet anyhow.

There no reason to chase any trade at this point.   If you follow probabilities and scaled in during the drop down to BTC $6000 level, you are comfortably profitable and can afford to wait for better high probability set ups.

Or, perhaps you chose to enter the ST/IT trade for BTC and altcoins we shared a few days back with a fairly tight stop — that trade is still in play and for BTC (still well above $8400 break out level) and many other coins, you are well into profit on that trade as well.

Hopefully you’re taking some profits as we go because it’s clear the games are far from over.

That said, we have some interesting patterns developing for BTC and other key altcoins that are likely to result in the next BIG MOVE in the crypto market (potential target of $17000 BTC catch your attention?  We thought so….)

5 CHARTS — CLASSIC “CALM BEFORE THE STORM” PATTERN — Big moves coming but could be WEEKS so assume nothing

NOTE: see notes above several charts for more info we think is worth sharing.

BTC market wrap 2 12

NOTE: while we haven’t had the explosive move that often occurs when moving averages cross, XBT has still seen nice gains.  The red flag we’re watching is we are overbought on the daily chart – but as you can see on this 4 hour chart — the current bullback is causing a strong move down on the indicator which COULD create bullish divergence right on time to confirm the multiple bullish patterns on the BTC chart– but be aware that could take days — stay careful and safe in this dangerous market!

xbt future update 2 12

ETC market wrap 2 12LTC market wrap 2 12

See yesterday’s complete analysis of XRPBTC for details of this very important set up  .

XRPBTC market wrap 2 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.

Advertisements

BTC ETH ETC crypto market early updates 1 14 18 10:30 AM EST

NOTE:  We indicated in last update that we’d be getting back to BTC’s Holy Grail Pattern and here we are.

While ETH continues to look like it wants to head to $5000, When BTC moves down sharply, the entire large altcoin market, including ETH follow.  So, while little has changed in terms of bullish indicators such as

  1. BTC and ETH are still well off recent lows
  2. XRP REP and other “leading indicator” cryptos continue to hodl strong well off recent lows
  3. There currently appears to be several “escape routes” out of a severe drop such as ETC (chart shown below) NEO (similar chart to ETH not shown) and FCT (chart not shown but up strong with higher volume today).

We cover some keys we’re watching now to manage ST/IT positions, but price action tells us it would be foolish to place higher priority on anything other pattern or indicator than The King and its Holy Grail pattern.

One final note: Keep in mind the XBT Futures are closed until 6 PM EST Sunday — volume is already strong compared to yesterday and we have seen increased volatility around the opening of the futures market.

3 CHARTS — Plenty of bullish signs, but The Holy Grail Pattern is still THE PATTERN

NOTE:  If BTC breaks down with increasing volume below $12000 level – mod to high prob rest of crypto market will follow so consider scaling out of ST/IT positions or tightening stop loss ranges….

BTC early 1 14ETC early 1 14ETH early 1 14

 

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 XBT BCH ETH ETC XRP crypto market early updates 1 10 18 11 AM EST

NOTE:  ETH continues higher on what COULD be the BTC Parabolic pattern — however, the BTC pattern limited upside for other large coins but as of now we are also seeing signs of bullishness in other large altcoins (BCH and ETC shown below) — BTC seemed very bearish as chart shows but has now spiked up as well — Nothing but ETH has clearly broken out so great caution should be used for all trades — they need to be clearly defined risk and position size should be carefully considered as risk of getting stopped out is high.

Another coin to watch today is XRP which has dropped a lot as patterns indicated it would (target $1.50) — chart has details — and it’s mod/high prob this applies to STR/XLM as well as similar pattern on STR 30 min chart (not shown)

MANY CHARTS (we’re including BTC Holy Grail pattern, ETH and BCH from prior posts for reference) INCLUDING TODAY’S XBT FUTURES PRO CHARTING SVC POST….

NOTE: Not shown REP but we’ve covered thoroughly and it’s moved up nicely as we wrote post so keep an eye on it….

BTC early 1 10

xbt update 1 10

etc early 1 10xrp early 1 10

bch early 1 10eth real time 1 19btc market wrap 1 4

 

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 ETC STR crypto mkt early updates 1 2 18 11:00 AM EST

NOTE:  We chose this month’s password for a reason — transitional markets, whether between wave B and C or the start of a new bullish wave, are very difficult to trade successfully.  The set ups look the same (sometimes better) but the follow through is way less consistent and targets are rarely met.

It’s important you remember you’re interested in trading successfully for the long-term, not just swinging for the fences which seemed easy in November.  Consider our 3 keys to trading survival to reduce stress and ride out this wave successfully

  1. CASH. Hodl lots of cash in your ST/IT accounts at all times (at end of each trading day) – we still feel mkt conditions call for 30-50% of those accounts in cash
  2. PROFITS. Take some profits along the way when you earn them (and you are earning them the last few weeks!)
  3. ENTRY/EXITS Have a clean plan for every trade and position you own – and execute that plan without question when price indicates you should act.

As a 4th strategy to consider — if you didn’t during the holidays, taking a few days away from the computer can be a game changer for your attitude — too nervous to leave your positions unattended?  See 1-3 ABOVE!!  To trade for the long haul you must be confident and comfortable as possible at all times!

CRYPTO MARKET UPDATE — OUR FIRST WATCH LIST

If you’re a day trader (you’re not) this market is fantastic for you with huge swings in price on most large cryptos every day but not really getting all that far up or down–with a few exceptions of course (XRP and STR both of which you knew about :-).

As a ST/IT/LT trader in this market, you want INCREDIBLE MOD/HIGH PROB set ups (maybe just high prob but don’t expect to trade much for now….), not just good mod prob set ups, and they are few and far between at the moment, so while we’ll stand behind the charts we shared yesterday, and you can consider ETH and ETC which we share today, we are going to share our first WATCH LIST of altcoins that look bullish but have too many red flags to share as a moderate to high prob trade — We’ll surely adjust this list often — and hopefully we’ll be able to get back to charts that we feel confident give you a trading edge soon:

crypotpatterns WATCH LIST JANUARY 2, 2018 (not in priority order)

(too risky to consider moderate to high prob though sets ups are bullish)

  • MOST large altcoins on the USDT exchange on Poloniex, plus NEO on Bittrex
  • STRAT
  • GNT
  • FCT
  • STEEM
  • BTS
  • XEM
  • ARDR (though we show chart below – not mod/high prob at this time)

We’ll do a follow up list with some of the Bittrex altcoins that trade with high relative volume soon–but the above coins have clear bullish indicators that make them worth watching and we feel many are good market indicators as well.

5 CHARTS – 4 NEW ONES AND BTC’S HOLY GRAIL PATTERN (NEVER FORGET IT)

Details for holy grail pattern on Dec 30 post…..

btc market wrap 12 30

ardr early 1 2ETC early 1 2eth early 1 2str 1 2 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 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 ETC NXT crypto Market Wrap vol 7 issue 12 12 18 17 9:00 PM EST

NOTE:   Wow.  Today’s trading delivered  THE SAFEST TRADES EVER.

All we can say is WOW — they handed us a gift today — and we hope you took advantage.  You are lucky to see 1 day per YEAR where you can know exactly how to make a high probablity trade with such limited risk and great potential return.

Hopefully you took some profit on ST positions and again have lots of cash for the next high prob set up.  If you missed out — study our earlier post and understand how we identified the incredible SAFE TRADING opporunities in large altcoins today so you’re ready for similar situations.

Now things get a lot more tricky– BTC delivered a bullish close today and now has a lower low reversal pattern which can lead to up to a week more upside–on the other hand if it drops below today’s low high prob we at least test the lower moving averages which is under $15000 (see chart below).

INDICATORS WE’RE WATCHING

REP was an awesome bullish indicator today.  Tomorrow we’re watching ETC and NXT that both are showing bearish signs –very troubling considering they have 2 of the most bullish charts of all large cryptos (especially ETC that is having trouble breaking out to new highs).

But, in the end we’re back to BTC as THE indicator — it has the bullish pattern and a clear target at $22500 (or higher) battling against multiple sell signals and a bullish wave that’s gone on for a looooooong time.

The BIG question:  If BTC drops — can Altcoins move UP? What about the BTC exchange which is moving up strong as we post this.

Expect BIG MOVES and have a plan of action sooner rather than later — we think you’re going to need it to add to your positions and take some nice profits OR to get the hell out of the market for all but your most sacred LT positions.

For new subs:  Keep our 3 keys to trading survival in mind at all times (we’ve beaten this to death all month so see prior posts too)

  • Hodl lots of cash
  • Take profits along the way
  • Have clearly defined exit strategies for all trades and execute without hesitation)

3 CHARTS — INDICATORS OF BIG MOVES (AS IN EVEN MORE VOLATILITY)  COMING

btc market wrap 12 18etc market wrap 12 18NXT market wrap 12 18

 

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 ETC ETH OMG crypto market early updates 12 16 17 12:30 PM EST

NOTE: BTC has now clearly broken out of its bullish pattern (see chart below) and most altcoins are hodling up reasonably well vs BTC —  we COULD be seeing “The Christmas Present Rally” of

BTC UP/ALTCOINS UP  or if BTC pulls away we’ll likely see

BTC UP/ ALTCOINS DOWN vs BTC

We remind you one more time that we’ve have never seen a trend of

BTC DOWN/ALTCOINS UP

Sure it could happen this time as BTC may drop in next 1-3 days–but we cannot assume a trend we’ve never seen and call it HIGH PROB trading–so please keep that in mind in your trade strategies.

Whatever trend we see in the ST, we don’t want to be fully on the sidelines if we’re going to see another huge leg up for the crypto market, but this is definitely not the time to be “all in” either (insert required mention of our 3 keys to survival for year end here)

The highest prob move now is to simply TRADE SAFELY.  We see two keys that can keep you SAFE and hopefully PROFITABLE:

  1. Define every trade — even your LT trades — know how you want to play any move you see–because we are truly at a point where anything can happen (higher prob than usual)
  2. Have a good cash position at all times – maybe it’s to jump in on a breakout (BCH, ETC, REP and OMG have plenty of upside for example and don’t forget LTC is set to explode if it starts another bullish wave, etc) OR maybe you’re hodling 50% or so cash to ensure you don’t get KILLED if they pull the rug out and we see a huge drop in a matter of hours (that’s how it worked last time….)

Next 1-3 days are high prob to see BIG MOVES (up or down) that COULD ruin one of the most amazing trading years most (all) of us have ever seen.  Don’t let it happen to you.

4 CHARTS — BREAKOUTS WITH PLENTY OF ROOM TO GO — BUT WHAT TREND IS COMING?

BTC early 12 16ETC EARLY 12 16eth early 12 16OMG early 12 16

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.