BTC XBT ETH crypto market early updates June 19, 2018 9:15 AM EST

NOTE:  Our ETHUSD indicator is confirming and still in play but XBT futures (chart shown below) show that close today is important as a solid up day with higher volume would pave the way for more upside (test of $7250 or more), and a reversal could lead to breaking $6450, $6000 and even a possible test of $5000.

The highest probability takeaways for the current set up are:

  1. Have VERY realistic expectations for any bullish moves — taking profits or trailing stops have to be the strongest approach for now based on the last 2 months of price action.  When the time is right to be more aggressive, the market will show us
  2. Have VERY clear trading plans and don’t stay in trades if your stop ranges are hit — even though it’s possible we’re in “summer trading” you can still lose a LOT of money and get shaken out on a low volume move down to $5000 or lower.

Now more than ever STAY SAFE, and STAY IN THE GAME.

2 CHARTS — The Big 2 are representing the crypto market for now….

NOTE: Market moving very much in sync so trades can be developed for more altcoins with similar patterns.  See prior posts for many set ups and/or write us at cryptopatterns@gmail.com with questions

xbt early 6 19

Yesterday’s ETH post still in play — above $550 next target is $600 range which is strong resistance.  Above that could see strong move higher to $750 range but let’s see $600 first — respect “character of current market”!

eth real time udpate 6 18

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 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.

eth market wrap 6 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!  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.

btc early 6 13xbt weekly early 6 4EOS EARLY 6 11ONT early video 6 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!  All information presented (c) 2018 JBP cons, inc.  All rights reserved.

BTC ADA BCH XRP IOTA DCR crypto market wrap vol 14 issue 1 June 3, 2018 11:59 AM EST

NOTE:  The slow grinding short term bullish trend continued today and all patterns/trade strategies shared in prior posts are still in play.  We’re sharing a number of charts we haven’t covered recently in this post (and will follow up with more tomorrow like ETH, DASH, NEO and  XMR) to help offer an even broader picture of the crypto market that supports the current set up which is

SLIGHT EDGE TO BULLS

Why only a slight edge?   Here’s a couple of takeaways that help explain:

  1. Strong bull waves don’t like to wait around for everyone to join in and make money and this market is moving WAY slower than typical bull waves (with a few exceptions –see BCH chart below).
  2. Volumes are very low and we’re seeing almost NO “moon shots” or even pump and dump type bull moves — those usually happen even if BTC goes DOWN, so this is a red flag to get a bit more defensive.

Charts show a lot more details– We think DCR is especially interesting and worth watching as it’s still under the radar but has a very strong set up for a HUGE MOVE that for some reason simply is not happening…YET (which we think could also be true for the entire market)

Bottom line is there will be higher probability set ups for entering trades so review your positions and be sure you have 100% confidence in each position or adjust it and have ONLY CLEARLY DEFINED SAFE TRADES IN PLACE.

MULTIPLE CHARTS — GRINDING OR COILING?

NOTE: Gaps tend to get filled and now XBT has gaps above AND below current price — keep that in mind in all ST trade strategies.  XBT chart from Friday shown for refernces 1st:

If you have any altcoins you want to see updated please write us at cryptopatterns@gmail.com and we’ll try to include as soon as possible.

xbt 5 31 market wrap

Showing all charts vs BTC as market continues to move with BTC and we want to see which altcoins have highest prob of outperforming BTC….

adabtc market wrap 6 3

BCH

bchbtc market wrap 6 3

BTCUSD

btc market wrap 6 3

DCR Decred

dcr market wrap 6 3

IOTA – note this was special request chart from earlier- has similar set up to BCH but dropped today–pattern still valid as we post this:

IOTA LT review 6 3

XRP

xrpbtc market wrap 6 3

 

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

btc early updates 6 2eos early updates 6 2xbt 5 31 market wrapgnt market wrap 5 30omgbtc 5 29maid 5 27

 

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 EOS STR XLM crypto market early updates May 27 2018 11:45 AM EST

NOTE:  BTC continues to fight with the key $7250 level but there are multiple bullish set ups among altcoins.  Several tradeable set ups are shown below — there are more

The big takeaway as of now is we’re seeing STRONG bullish set ups in multiple altcoins while BTC is FALLING in price — the 

BTC DOWN/ALTCOINS UP 

relationship is something we have not seen before — could this be the time they finally break the old patterns or will they get back in sync?  Close today and tomorrow should offer some IMPORTANT clues to where we’re headed next.

While multiple safe trades are available, XBT futures open later today and we’re in a holiday weekend in the US which means higher probability of headfakes and manipulation, so consider that in all trade strategies.

MULTIPLE CHARTS – MULTIPLE SAFE TRADE SET UPS WHILE BTC CRASHES?  HMMM….

btc early 5 27eosbtc 5 27maid 5 27rlc 5 27str early 5 27

 

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 ETH RLC crypto market early updates May 17, 2018 10:25 AM EST

NOTE:  BTC and XBT both closed below key price level $8400 yesterday with higher volume and with moving averages about to cross bearish.  That’s a pretty strong bearish set up, but price could not break $8000 yesterday and volume has been dropping overall for BTC and key altcoins the last few days so that suggests we are CONSOLIDATING before a new directional move.

This leaves a very unclear short term set up with

NO TRADING EDGE SHORT TERM.

That could become at least slight edge to bears or worse depending on how price closes today as it would be a “confirmation day” if we close under $8400–especially if higher volume.  So far today we’ve actually seen a little strength but the bullish case wants to see price breaking UP over $8400 with higher volume.

As the charts below show there are multiple bullish signs that will help us with IT/LT trading strategy moving forward, but for today defensive trading is still highest prob and unless some new divergences show up in the altcoin market we’re not seeing now there’s one key that is most important

How BTC closes today = $8400 is the line in the sand.

4 CHARTS — STILL ON “BIG MOVE WATCH”

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NOTE — the next 2 charts are both ETHBTC from different exchanges:

 

ethbtc 5 17ethbtc coinbase early 5 17

The following chart is for small altcoin RLC (also traded on Bittrex)

rlc early 5 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) 2018 JBP cons, inc.  All rights reserved.

 

BCN BTC Bytecoin real time update May 8, 2018 11:55 PM EST

NOTE:  We share this chart for a few different reasons:

  1. It MAY present a trading opportunity with good upside — it’s not a SAFE trade though — so consider it as a lotto pick trade which qualifies for SAFE trading.
  2. It’s actually a pretty good size altcoin in terms of total market cap — they just have a gazillion coins issued — but this is not a small cap coin so it’s at least worth watching as a market indicator
  3. There is a TON of manipulation going on with this coin right now — that means SOMETHING.  THEY had Binance prices at 10x poloniex today but no wallet transfers were allowed– hmmm……
  4. We indicated in mid april post that BCN had some bullish signs so the current move  could be more than a pump and dump which again makes it worth watching.
  5. It’s good education for wave patterns
  6. If BCN confirms wave 3 bullish behavior — there are many other altcoins set up for wave 3 moves so we want to be aware.
  7. It’s interesting (and challenging) to watch crazy crypto moves and see how to read those charts (at least to us!)

AGAIN VERY HIGH RISK TRADE — TRADE AT YOUR OWN RISK.

Note: first sentence should say we noted BCN….

bcn real time update 5 8

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 BCH ETH EOS crypto market wrap Issue 13 Vol 5 May 7, 2018 9:20 PM EST

NOTE:  There are mixed signals between BTC and key altcoins at the close today — that means SOMETHING and we don’t think it will take long to find out what.

ALSO– SEE END OF POST FOR A COUPLE OF SPECIAL REQUEST BONUS CHARTS FOR ZRX AND VEN

We’ve updated the charts for THE BIG 4 (including the XBT futures) so you have the current scorecard (other large altcoins were mixed and offered nothing we think that creates a strong market indicator ).

We think patience and firming up your defined trading plans is the highest prob trade strategy at the moment.

BOTTOM LINE: We stand by our prior post — We’re in a bullish wave, until we’re not, and there’s not a strong enough case to give the bears the trading edge — YET.

8 CHARTS — BTC AND KEY ALTCOINS DIVERGE — WILL IT LAST??HISTORY SAYS NO BUT PATTERNS DO CHANGE….

btc market wrap 5 7xbt market wrap 5 7

xbt real time 9 6

BCH market wrap 5 7ETHBTC 5 7eosbtc 5 7zrx early 5 7ven early 5 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) 2018 JBP cons, inc.  All rights reserved.

BTC XBT BCH ETH STRAT XMR crypto market wrap Vol 13 Issue 3 May 5, 2018 9:00 PM EST

NOTE:   Lots of notes between charts — be sure to review them.

We indicated the edge was with the bulls and that trend has continued — now as of the close today there is are multiple bullish set ups and SAFE add or new trade opportunities.  We share STRAT below as a good example of a high prob set up that is worth watching as a “general market indicator” even if you don’t trade it.

BCH HAS THE BALL?

We’ve shared multiple bullish set ups for BCH and today price broke out again vs both BTC and USD — while BCH is the only exception we’ve seen in two years of an altcoin moving up strong while BTC dropped (happened during 2017 and BTC caught up quickly!) we think BCH is a solid indicator that altcoins are going to currently “in sync” with BTC — the difference this time around is some altcoins are much stronger than others.

XMR LEADING INDICATOR BEARISH?

XMR traders have to be frustrated — it’s underperforming all the major altcoins and as the chart below shows, is actually falling pretty hard vs BTC.  This is where checking different TIME FRAMES can make all the difference because if you look at the daily chart over a longer time period, you can clearly see XMR is still in very bullish territory.

TAKEAWAY:  You want a VERY strong bullish case if you’re trading altcoins vs BTC right now because it looks like some are going to seriously underperform.  HOWEVER patterns support the bullish case for the altcoin market to have an edge for bulls as long as BTC remains bullish. 

Of course this doesn’t mean you won’t lose money if you pick the wrong altcoin even if BTC moves to $12000 — do your homework and always trade safe! 

MULTIPLE CHARTS — BULLISH TREND UNTIL IT’S NOT

NOTE: BTC and ETH charts are from yesterday as patterns continue to be very dialed in.    Since $9500 BTC continues to hodl the edge is now to break $10,000 — however, we still have the XBT futures open Sunday night at 6 PM EST to keep an eye on as we have seen volatility kick in around that time.

btc 5 4XBT early 5 4eth usd 5 2

BCH is leading the way but LTC is very bullish as well so see daily chart there and similar trades could be defined safely.  Other alts worth watching (though not as bullish) are XRP and STR — they have bullish patterns but are lagging — let’s see if they join the party– DON’T ASSUME THEY WILL — THEY are rotating from coin to coin and you want extremely bullish set ups AND price/volume trend momentum with all new trades

PRIOR BCH SET UP from 4/27 ALSO SHOWN BELOW along with today’s update for reference

bchbtc early 4 27

bch market wrap 5 5

stratbtc market wrap 5 5

xmr 5 5 market wrap

 

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.