BTC BCH FCT ARDR crypto market early updates 12 19 17 8:25 AM EST

NOTE:  This post COULD be so easy — we could just write

We told you we are committing to PROTECTING YOUR GAINS — BTC has broken key support — go to cash for positions (BTC and Altcoins) all but your strongest LT positions.

 

Unfortunately, it’s just not that easy — there’s ALWAYS a bullish and bearish case, and as the BTC chart below shows the last time we broke key support on a reversal pattern, it was a headfake and CLOSE was well within the pattern and we’ve seen HUGE gains since that headfake just over a week ago.

Will today’s move be another headfake?  Probabilities (multiple patterns and indicators) say this move down for BTC is REAL and will drop to test the lower moving average ($15,000 range) AT LEAST — of course they could go much lower.

So the edge is to the bears – but BTC has defeated probabilities SO many times during 2017 and there are still some bullish indicators in play — so we can’t GUARANTEE that BTC won’t explode higher and blow past $20,000.

And then the million dollar question:  What about altcoins?  If BTC drops, do altcoins go down with BTC or will something else happen this time around?

WHAT PROBABILITIES SAY TO DO NOW

Anything is possible, and it has been costly to bet against THE KING, but there are two reasons to scale back to your strongest LT positions and/or set very tight trail stops for ST/IT positions and honor them immediately.

Probabilities have been on our side, so let’s trust them

Our patterns and indicators have been very dialed in since early November.  This means the highest prob path has been happening for the most part — best to ride the high prob path until we see lots of divergences (like we did when BTC UP/ALTCOINS down 3-4 months ago)

We set a clear objective to PRESERVE GAINS after our amazing November — so let’s do that. 

We can always reenter at HIGHER prices if we move straight up from here (in fact, you did a bunch of that yesterday if you took THE SAFEST TRADES EVER) but at the least there is no trading edge to be long BTC or altcoins currently so why push our luck?

BTC and Alts are moving up nicely as we post this — we get the FOMO of missing out on another 20-50% gain (like REP had for us yesterday) — but if you’re in this for the long haul — maybe it’s time to let others make (or lose) big money??

If you disagree, that’s okay–you have to trade your plan and 2017 has shown hodling through scares to be a good plan — just know it’s not SAFE trading because probabilities are not on your side.

4 CHARTS — INDICATORS TO WATCH

btc early NOT twit 12 19fct early 12 19BCH early 12 19

note: while the price action on ARDR is bullish – -the volume is bullSHIT – red flag that supports the bearish case — NXT has huge volume consistently now–why not ARDR??

ARDR early 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.

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BTC ZEC OMG FCT Real Time Update 12 17 17 1:45 PM EST

NOTE: We prepared these charts an hour or two ago and held off sharing to see how things moved relative to BTC….

While it’s still unclear how Altcoins will move if BTC drops further these charts have proven accurate and offer trade set ups so we’ll let you review them and decide how they might fit into your trading strategy–just keep in mind that drops in a market like this happen quickly and steeply so please use clear stop loss ranges.

FCT real time 12 17

Here’s yesterday’s OMG chart again–update below:

OMG early 12 16omg real time 12 17

ZEC’s going to $750 while BTC drops to test moving averages?  Trade this one carefully…..or if BTC skyrockets along with ZEC maybe you can be a bit more agressive with a tighter stop……(must use a stop range on these trades–projected moves this big buy and hodl large positions not safe!)

ZEC real time 12 17

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 DASH ETH XMR XRP ZEC crypto market wrap vol 7 issue 10 12 14 17 3:45 PM EST

NOTE:  Several charts below assume we close similar to the time we wrote post — PLEASE double check all set ups to be sure the pattern analysis is valid!  Write us with any questions at

cryptopatterns@gmail.com

NOTE: We’ve gone overboard to share charts with you to paint the most complete picture of the crypto market as possible — the two we’ll be watching most closely are

XMR  and FCT — so we start with those

Why those 2?  Longer term subs have seen the predictive power of XMR (doesn’t work every time — nothing does–but works a lot)  and FCT is a great representative of the BTC exchange which has destroyed many crypto traders but now is showing signs money might be rotating into it — and we think that’s bullish for then entire crypto market — AT LEAST FOR THE SHORT TERM.

We still urge CAUTION — take some profits when you’ve made 25-50% — at least tighten trailing stops, and use slightly smaller positions sizes — these are the highest prob trading strategies to help you PROTECT YOUR GAINS.  As of now, that’s more important than making new gains — just in case all these amazing bullish signs don’t play out (exactly the conditions we’ve told you will be in play when they start a correction!)

MULTIPLE CHARTS — VERY MIXED SIGNALS BUT SOME KEYS THAT CAN HELP YOU TRADE SAFELY

We start with our “indicator charts” FCT and XMR

FCT market wrap 12 14xmr market wrap 12 14

BCC market wrap 12 14btc market wrap 12 14dash market wrap 12 14eth market wrap 12 14XRP market wrap 12 14

zec market wrap 12 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 BCH DASH ETC ETH LTC XMR crypto mkt early updates 11 7 17 8:25 AM EST

NOTE:  BTC is once again on a low probability path where it closed below the key $7000 level but, so far, has shown ZERO downside follow through — you just don’t see that — highest prob is you’ll see a lower price which reverses or falls further which we’ve shown you numerous times (including on some charts today) is called a lower low or higher high reversal.

BTC’s unusal price action supports the “hedge fund manipulation case” and should be viewed as a red flag that there will continue to be huge price swings.

Meanwhile altcoins are actually falling in line with probabilites are for the most part are closer to “in sync” than they’ve been in some time.

WHAT TO DO NOW?

This is a good time to establish what we KNOW from the patterns as of now?  WE KNOW

  1. ETC looks very bullish
  2. BCH is on the bullish path if we close green today
  3. FCT has an edge for bulls unless we see major downside and volume today (this should be considered an indicator worth watching as altcoins only traded in BTC have been destroyed including larger coins like FCT

That’s all we KNOW from the patterns and indicators at the moment — today’s close will add to the probabilities for many key coins soooo……

Study, prepare trade strategies and don’t panic to get into or out of trades.   We cranked out a ton of charts with updates to help you in your efforts.

Before we go to charts let’s add STEP 2 to our YEAR END TRADING SURVIVAL GUIDE

STEP 2   DON’T TRADE EXPECTING TARGETS TO GET HIT —  BTC is all over the place and altcoins have not proven they have even started a bullish wave – so why are you assuming targets will get hit again?

In trading practice this step means to tighten ST/IT position management plans — TAKE SOME PROFIT off of any trade that makes a solid profit (you get to decide how this works but FOR EXAMPLE:

Take 25-50% of the trade off once profit has reached 50% of it’s minimum target.

MANY MANY CHARTS — CLOSE IS WHAT MATTERS!!

NOTE: As we prepared this post, BTC started dropping hard — this could take it below yesterday’s lows and set up a POSSIBLE lower low reversal which could be BULLISH OR LEAD TO A TEST OF $6750 OR $6500 TARGET– see chart for more — AND STAY SAFE!

bch early 11 7btc early 11 7DASH early 11 7ETC early 11 7

NOTE: Targets for ETH are correct but should be labelled BEARISH TARGET  = Test of key $200 range and PATTERN FAILURE BULLISH target $425-500 new highs)

ETH early 11 7FCT early 11 7LTC early 11 7STR early 11 17XMR early 11 7

 

 

 

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 LTC XMR FCT crypto mkt early updates 11 6 17 9:45 AM EST

NOTE:  From a probability standpoint, BTC now offers some clearly defined lines in the sand (tight ranges in any case), so this offers the opportunity for safe trades–for now.

Current patterns suggest a slight edge for bulls for

THE ENTIRE CRYPTO MARKET

That may sound exciting, but safe traders should view it as a serious red flag because

  1. If the current bullish patterns confirm, it’s a fairly major change in mkt behavior from the last 2 months
  2. Hedge funds need big returns to keep their investors happy
  3. Hedge funds have to make their profits from other investors (YOU)

We’re seeing and hearing plenty of talk on social media of “buy and hodl” which adds to the “red flag” case — so, starting today, we will be building a

TRADER SURVIVAL PLAN for the next 2 months.

STEP 1 — Target 25-50% CASH in your ST/IT trading funds and 10-25% CASH in your LT funds BEFORE any hard forks.  More is okay — less is unsafe.

Yes, we know you’ll lose a chunk of the “free money airdrops” — beats losing everything.

We can only assess probabilities, so we’ll suggest patterns say there is nearly a 100% chance that a good number of traders will lose everything in the next couple of months surrounding the upcoming hard forks for BTC and BCH and even more will quit by year end.  Don’t let one of these traders be you.

4 CHARTS — BULLISH CASES EVERYTWHERE?

BTC early 11 6 inv hsFCT early 11 6LTC early 11 6

LTC EARLY 11 5

xmr early 11 6

 

 

 

 

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 XMR DASH crypto market early updates 9 8 17 9 AM EST

NOTE:  Another long post we thing is worth studying — but….

tl:dr  headlines

XMR AND DASH HAVE THE BALL- MAYBE BTC EXCHANGE TOO?–(check out FACTOM chart)

IS BTC HEADED FOR A HUGE CRASH SOON??

We’ve seen spikes up in price for several large cryptos, and now market is pulling back HARD and testing our ETC stop loss level.  Close is what matters, but with higher volume on some cryptos already, TRADE YOUR PLAN. One way or another it’s likely we’re going to know a lot more about where this market is headed by close today (though weekends have show some of the biggest moves, so maybe they want to drag this out a bit–we’ll see).

ONE MORE POINTS WORTH SHARING BEFORE WE HIT THE CHARTS:

BTC RED FLAGS?

btc vol div early 9 8

Seeing more and more news updates about dissention in the BTC community and more drama coming in November.  Is this starting to show up as increased risk for BTC vs other cryptos in the charts?  Here’s our case so far:

  1. BTC sharp underperformance of key cryptos so far today
  2. BCH showing very bullish signs with increasing volume vs BTC
  3. MOST IMPORTANT Volume divergence in current BTC wave — This divergence becomes a MUCH bigger deal if we see large altcoins moving way up vs BTC (or if market goes out of sync)

BOTTOM LINE:  Maybe we’re starting a huge move down TODAY (far from certain) but in any case, November has risks for BTC but October is the worst month for stocks and the crypto market is attracting whales and bots from equities markets — either way today adds to the case that BIG MOVES may be ahead for BTC–we’ll be watching /studying to stay in front of them.

 

 

2 CHARTS — XMR AND DASH HAVE THE BALL  – MAYBE BTC EXCHANGE TOO?

NOTE: DASH not shown but see charts — looks like XMR.

FCT early 9 8xmr early 9 8

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!

DGB FCT SC XEM BTC real time update 8 13 17 2:10 PM EST

NOTE:  All trades for cryptos only traded on BTC exchange should be positioned with BTC’s potential for huge upside in mind.  That said there are bullish patterns and safe trades to consider (especially if scaled in).  These are definitely not trades to go “all in” but we want to stay aware of the BTC exchange cryptos as they have been beaten hard with BTC’s upside and some have shown good LT indicators — we cover 4 of those here.

dgb 8 13 real timeFCT real time 8 13SC real time 8 13xem real time 8 13

 

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!