BTC Bitcoin real time update 10 21 17 1:30 PM EST

btc real time 10 21

NOTE: As we noted in early updates — They know that we know the targets — based on the patterns and indicators BTC can have a meaningfull pullback at any time–

Be sure to review the patterns shown on key altcoins in early updates along with this BTC chart to see if something different is going on….

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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LOOK! OUR AMAZING recommendations for NEO ICO Chinese Cryptocurrencies

chinese stocks 9 8

The above list is a nightmare for those cryptos and those who chase trades in them.

We just wanted to share with our followers and those interested in our newsletter how many of the above cryptos we saw as HIGH PROBABILITY bullish trades:

NONE

We do our best to find the highest potential for returns on crypto investments while keeping an equal priority on STAYING SAFE so you can be one of the 10% of traders / investors who will still be trading in 5 years (and hopefully reading our newsletter!)

So we’re going to add another accomplishment (imo) to our growing list since we started the newsletter in April 2017:

  • Called the 50% BTC crash days before it happened in May (saving $$ = Making money in our world) — our May posts are free — go review them for yourself.
  • Shared a high prob bullish pattern to reenter BTC at 2100
  • And just last month — this post (this was the tweet–more details on post) for XMR

XMR 100 trade 8 17

AND NOW WE ADD:  Avoided losses and STRESS by keeping subscribers focused on SAFE incredibly high returning large cryptos as their main investments (90-95% of funds) during the last 2 months instead of chasing ICO’s and high risk cryptos that offered even better returns (which of course meant they also offered A LOT MORE RISK =NOT SAFE)

We’ll let you know in the next day or two if we can add even more accomplishemtns (Subs know what we mean 🙂

To subscribe to cryptopatterns newsletter use the link on this page — in any case we wish you the best of luck in your trading/investing!

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!

NEO Real Time Update RED FLAG (Pennant) 9 5 17 9:10 PM EST

neo real time 9 5

NOTE:  Neo offers a great example of the benefits of the cryptopatterns newsletter. We want to show traders and investors the highest probability moves for key cryptocurrencies to help them STAY SAFE.

We don’t just hand you trades, we show you how to build a “trading strategy” that fits your objectives.  We think it’s vital to educate traders/investors so they can develop the skills needed over time to avoid becoming one of the 90% (or more) who fail at trading or worse, blow out their trading accounts, or worse, lose more than they invest (sometimes everything) using high risk margin and futures leverage.

To learn more about pennant and flag patterns see link at end of post

We study a variety of patterns and indicators we’ve studied learned and used in 10 years of active trading practice. We know NOTHING WORKS EVERY TIME, but if you consider all the important factors, you can “build a case” to buy, sell or hodl that gives you an edge in the probability of that trade/investment succeeding.

As a real time example, we share in the chart above the current chart of the very popular crypto NEO — why? Because we know many traders are seriously considering buying at what feels like “can’t go lower” levels.  Probabilities say it can, and we just wanted anyone interested to know so they can develop the most informed trading strategy possible.

If you’re interested in analysis like this on a daily basis and learning how markets really work (vs news and hype), you can subscribe to the cryptopatterns newsletter using the link on this page.

We hope you find this information / analysis useful and we wish you the best of luck in your trading/investing efforts. Most of all we hope you’ll STAY SAFE so, unlike most,  you can be around for years to come and benefit from the untapped potential of this amazing crypto market.

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!

TO LEARN MORE: Pennant – Investopedia  

or visit:  cryptopatterns basic educational post category

“Safe” way to invest in OnG Social ICO w/30% BONUS Bitcoin Ethereum Paypal

ong social coin

UPDATE: OnG gave us a new exclusive link  and FOR A LIMITED TIME has raised the bonus offer to

30% additional coins.

Example: If you buy $500 US in coins you’ll get 1000 coins + 300 bonus coins = 1300 total coins.

(note– all who used our prior links have already been upgraded to 30% bonus coins)

Here’s all the details…..

This is a great offer for a promising ICO that we’re excited to share w/ subs and followers.

cryptopatterns is excited to add an additional benefit for our subscribers and followers:

Participation in ICO’s (Initial Coin Offerings) BEFORE listing on exchanges at discounts usually reserved for high dollar and angel investors.

Our first of what we hope are many ICOs we can share with you is:

OnG Social Coin

Why we have decided to share this ICO on our blog/newsletter:

  • OnG Social is a decentralized version of facebook – great need for privacy coin!
  • OnG has been built to improve on weaknesses of Steem (current price $1.47)
  • Have a working platform in place that you can use immediately (pre ICO=NOW)
  • Have been incubated by IBM since 2014
  • Have a well capitalized US corporation in place- so subject to US regulations
  • Offering ICO at .50 cents/coin PLUS using our code you’ll receive bonus coins of:      30% if you use the code

    cryptopatterns  at this link (click here)

  • Can invest using paypal which gives you time to set up an Ethereum Wallet if you’re new to crypto investing off exchanges.

PLEASE DO YOUR OWN RESEARCH BEFORE INVESTING — you can learn much more about OnG Social (and try the platform) here:

OnG Social Coin ICO

The ICO will end on September 12th 2017 at 11:12am or when it sells out

IF YOU  INVEST IN THE ICO – HOW TO GET ADDITIONAL COINS:

Just click here and put cryptopatterns as your referral code

cryptopatterns ICO bonus

let us know if you get in on the ICO — email us at

cryptopatterns@gmail.com

The OnG Coin ICO ends September 12.  There is no guarantee this offer for 30% bonus will be available until Sept 12 though.

IMPORTANT DISCLOSURES:

cryptopatterns and/or related parties

  1. have no affiliation with OnG Social
  2. have invested in the OnG Social Coin ICO
  3. will be receiving a referral bonus of coins if you invest in the ICO
  4. is not a service provider for OnG Social in any capacity – you will deal with them directly on all issues related to any investment you choose to make.

Please email us at cryptopatterns@gmail.com if you do invest (please only small investments you can afford to lose!) — we plan to provide special updates for ICO investors on all ICO’s we’ll be offering in the future.

While ICO’s are very high risk investments, we’re excited to be able to offer subscribers and followers another trading edge and feel the discounts and the credible sources that have shared them make these ICO’s worthy of consideration for a SMALL portion of an investor portfolio (if they fit your trading/investing objectives).   (see example of defining trades in this post)

INVEST IN ICO’S OFFERED IN OUR POSTS 100% AT YOUR OWN RISK AND DO NOT RISK ANY FUNDS YOU CANNOT AFFORD TO LOSE  

ABOUT cryptopatterns newsletter

Since June 2016, cryptopatterns has built our reputation on SAFE trading and finding a trading edge for traders and investors (examples: 100+ return on BTC and 200% on XMR this month alone–see free posts and tweets).   While there is no question ICO trading is very high risk, we’ve been connected with investors who are screening the large number of ICOs in the pipeline and we’re hoping this leads to numerous ICO offerings in addition to our highly successful cryptopatterns newsletter focused on SAFE trading of larger cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Monero and others.

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.

We called the May BTC cryptocurrency crash but didn’t advise short it. Should you short now?

short margin call

Most won’t lose this much, but traders can (and do) lose more than they invest shorting the crypto market.  Some lose everything they own….

The patterns are clear that trading in the current crypto market is dangerous, which can lead to huge upside or market crashes.  Our pattern analysis called the 50% crash in BTC  in May as you can see in this post:

BTC XRP Updates 5 26 17 9:10 AM Est

Is there more serious downside coming?  If so, does it make sense to short the crypto market?

To answer the first question — we’ll share that we don’t see the same patterns as the BTC market May crash but we are on “ETH Watch”.  We will be keeping subs updated daily on market conditions and hopefully be in front of big moves which patterns often are.

This post is focused on the second question, which is actually more important in the big picture than what the market is going to do today, this week or this month:

Should you consider shorting cryptocurrencies if you see big downside?

Good question — this post shares our reasons why we don’t see shorting as part of safe, high probability trading for most traders.

1) We’re working under the premise we’re in a LT Bull Market
Since cryptopatterns entire focus is SAFE high probability trading, shorting in a LT bull mkt reduces the probabilities for anything but ST and possibly IT shorts, and even then there can be significant surprises to the upside — for example BTC after it crashed from 2700 to 1500 shot up to nearly 3000–and even just a few days ago shooting up $700 when many gurus were screaming to short it.

trader suicied

2) Unlimited risk
Since many of our subscribers are new to trading  we think the highest probability for staying with trading is staying safe and avoiding trades where you can lose more than you invest.  This is why we don’t encourage margin trading on the long side either, though we know experienced traders can certainly benefit from both shorting and margin trading.

shorting confusing

3) Shorting on most crypto exchanges is difficult and confusing.
We’ve been trading for over a decade and still can’t figure out some of the costs and procedures to short on most exchanges.  and this relates to

4) What are you shorting against?

If you can only short one crypto against another it’s possible you can be very right and make no money (have had this experience personally).  For example if you short ETH against BTC and both move down, you were right to short ETH but still made no money because the BTC you borrowed to short is now worth less as well.  If you can short against USDT or the USD or whatever your fiat currency is, then shorting can make sense.

So to summarize — we are not against shorting, but it doesn’t fit safe trading in the current crypto market because it’s more difficult to execute, takes more discipline (which many traders don’t have), is far more risky than only trading long (in a LT bull market and without margin trading), and is not evolved on many exchanges to be easy to make money and assure liquidity too (we watched multiple traders  blow out large accounts when they couldn’t get their trades to execute on Poloniex so they could cover during XRP’s massive run up for example).

Finally, and perhaps most importantly:

There is plenty of money to be made on the long side with safe trading — and much higher prob of consistently doing it for years to come.  Most traders don’t stay in the game for months much less years, and shorting the market is a big reason why.
cryptopatterns header

There may come a day when shorting makes more sense as platforms and shorting against fiat currencies becomes easier.  Down the road, it’s also likely there will be a time when there is a clear edge to shorting the market consistently, and we believe our patterns and indicators will let us know.
Subscribe to cryptopatterns newsletter and we’ll show you how to find an edge to trade safely for the long-term in any market.
All content on blog/newsletter (c) 2017 jbp cons.  all rights reserved.

 

NXT TRADE real time update 7 19 17

NOTE:  NXT has been unique in the USDT cryptos and has not always been in sync — it’s low cost so very easily manipulated, so this means be conservative in position sizing and position management if you trade it.    See NXT bullish pattern and ETH chart from yesterday’s market wrap below current NXT chart for more info on determining ST trend.

NXT real time 7 19

NXT 7 19 17

ETH MARKET WRAP 7 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.

Step by step how to “Scale” into cryptocurrency trades for long-term success

eth scale in blog 7 9

Everyone from the most successful trading gurus to your Mom has told you:

“Don’t trade cryptocurrency (or anything else) without using a stop loss”.

90 percent traders quit 5 years blog

It’s a good bet the biggest problem in trading is the use of stop losses to control risk.  Doubt many quit who are consistently making money….

We could simply pile on and say “You GOTTA use stops or don’t trade!” but how does that help?

We’d rather show those who struggle with using stop losses (it’s not just you–far from it) some alternatives they can use to trade SAFELY and, with practice, PROFITABLY for years

The concept is called “Scaling In” and it involves buying small “blocks” of your investment as price goes lower so you build a position slowly while improving your average investment price.

WARNING:  Scaling in is not foolproof (neither are stop losses) and also takes practice, but it could be a better fit for your current trading mindset for those who feel they must “stay in the trade” while still managing risk.

HOW TO SCALE INTO TRADES

There are multiple methods but below is one step by step example and then you’ll find additional ideas in a link to another post that can help you build the skill needed to successfully scale in.

We need to add that sometimes a trade or investment set up  makes more sense to enter all at once and use a stop loss.  Traders can use “scaling in” to practice safe trading until the build a system for setting stops they can use confidently and effectively.

cryptopatterns can help.  Our newsletter teaches our subscribers scaling in (and out), effective use of stop losses (we share possible specific stops or scale in strategies with our reasoning on many of our posts).

Whatever you do, spend time learning to define and manage your risk.  You want as many tools as possible for safe trading if you want a real shot of getting out of the “90+% who lose, quit trading, or both”

SCALING IN STRATEGY – STEP BY STEP

  1. Determine the percentages you’ll use for investing — one we’ve seen used effectively is
  • Block 1  10%
  • Block 2 10%
  • Block 3  20%
  • Block 4  20%
  • Block 5 FINAL BLOCK 40%

“BLOCK 6” RESERVE Some traders keep a reserve fund usually = 25% -50% additional for a 100+% investment if patterns and indicators justify the additional funds.

you can adjust these figures and with practice will determine the scaling in strategy that give you the most confidence.

2. Determine the price points you’ll use to enter the trade —

Your goal in this step is to have a legit reason to enter each block — you should review market conditions before adding as well –things change all the time.

Block 1 . You want “in” so start with a small investment on a dip on the 15 or 30 minute chart (bottom of indicator such as “bollinger bands”) — here’s the ETH example again

eth scale in blog 7 9

Block 2  This might be a target from a longer time frame chart — like the daily chart

Block 3  Again might be from the daily chart but add the use of bollinger bands or other indicators on the daily chart to increase the chance of getting in safely

Block 4   Use Daily and even weekly charts once price gets this low.  Here’s where you also need to take a hard look at what “wave” your investment is likely in.  As we get closer to fully invested we want to be convinced that our story for the investment is still valid.

Block 5  Same as Block 4 — careful consideration should be given to REDUCING your investment before adding block 5 or 6 — why will this investment go up from here?  You need a better answer than “it just has to” or “I want to make back what I’m down”

Block 6  All above tools plus every other tool you use says BUY.  We’re talking the strongest case possible — don’t kid yourself.  Add when ALL indicators are at absolute bottom of indicator where there’s very low probability of anything lower except a spike that typically reverses quickly (you might want to wait for such a spike if price gets this far as it could be great buying opportunity).  Block 6 adds should be VERY VERY RARE

Scale in “stop loss”  = Some price well below you ever thought you’d see — you honestly determine you’re better off salvaging the money you’ve invested vs waiting and hoping it will come back.  Might want to check cryptopatterns newsletter before selling –this might be where we’re looking to buy! This should almost never happen which is why you want to practice with SMALL investments or on paper before risking too much scaling in.

If you’ve scaled in properly price usually starts going up around blocks 2-4 so you have a lot of funds not invested.  Do not rush to add those funds.  You’ll be profitable on your trade which is more than most can say.  Plus over time, you can learn to add when you have the momentum of the trend behind you.

Obviously, you need to adjust the above information to your personal preferences and risk tolerance.

SHOULD YOU USE “SCALING”?

Right now is a VERY risky time to trade cryptos  – don’t rush to scale in, but if you’ve built a case and a plan and are confident and comfortable (minimal stress) you can handle the risk, then TRADE YOUR PLAN.  Our final suggestion is to take whatever position size you are considering and

CUT IT IN HALF or even less— practice scaling and prove you can do it successfully–you’ll be doing it for years so no need to go huge $$ on this trade.

We hope you find this information helpful– STAY SAFE (=STAY SMALL for now) and STAY IN THE GAME.

For more strategies to use “scaling” see our prior post:

5 Steps for successful cryptocurrency trades – Scaling IN and OUT

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.