BTC XBT BCH ETH LTC XRP crypto market early updates June 13, 2018

NOTE: tl:dr  $6450 on Coinbase is a KEY level — was the EXACT low of key support level and the EXACT low that we hit yesterday.  We broke it today which puts us in “no man’s land” of potential BIG MOVES either way (edge to bears and lower prices) but CLOSE IS WHAT MATTERS and closing above $6450 is very important ST and possibly IT.

We strongly recommend reading and reviewed many charts below to see current set ups.

As we noted in red yesterday:

Also note bull case needs to see price above $7000 (ideally $7250) today or probabilities become high prob for bears and stops should be tightend or ST/IT positions should be reduced/scaled out.

It was obvious by midday there was little chance of regaining $7000 level which then got confirmed by a harsh drop below the very short term support at $6600 level.  Price then dropped EXACTLY to the critical support level of $6450 but did not break it as of close yesterday (closed at $6545 on coinbase).

CURRENT MARKET CONDITIONS

We’re at very key levels that could lead to BIG MOVES and the charts below show just have far BTC and some altcoins could still drop — ST/IT positions should have VERY tight stops (see yesterday’s post) or be in fiat.  

BTC has broken the $6450 level today but CLOSE IS WHAT MATTERS, and $6450 is now the new “line in the sand” which stand between at least a bounce or a continued “crash” and high prob test of the current lows $5800 level.

BOUNCE COMING SOON?  XBT CHARTS SAY YES

NOTE: more charts below these two — be sure you review them all.

Charts say yes but’ve told you before that CRASHES also occur in very oversold conditions so this is not a time to “go all in” waiting for a bounce — closing below the $6450 level would be a huge red flag that we don’t want to front run this “potential bounce”

xbt daily early 6 14xbt weekly early 6 14

 

WEEKLY CHARTS PRICED IN USD OFFER HELPFUL TARGETS AND GUIDANCE

When we have entire market dropping hard with BTC it can be helpful to review patterns vs a more stable currency to see what patterns can share.

First we reprint from our June Chartbook the weekly analysis for BTC  (click on LONG TERM link at right to study our chartbook!) — this is why it’s SO important to understand their’s ALWAYS a bullish and bearish case and you want to carefully assess the probabilities and build a SAFE trading strategy.

btc weekly update 6 14

bch weekly early 6 14

ethweekly 6 14ltc usd weekly 6 14xrp usdt weekly 6 14

 

 

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 XBT LTC XMR early updates May 28, 2018 11:00 AM EST

btc died early 5 28

BTC is the only crypto THEY ($XBT futures) can trade on a major exchange — that plus years of crypto trading history plus the current charts below show that it’s unwise to assume any major move (ESPECIALLY A MOVE HIGHER) in the crypto market won’t include THE KING.

NOTE:  The battle at BTC $7250 rages on while SOME altcoins look more bullish — should that effect your trade strategy long term?

Everything outlined in our post yesterday is still very much in play short term so be sure to review that post (just click early updates link), but today we want to go “bigger picture” longer term and dust off a few key numbers we think are now the real focal point of the current set up:

WILL BTC AND ALTCOINS BREAK CRASH LOWS?

The short answer for key altcoins LTC and XMR which have not yet broken 2018 crash lows = YES

The short answer for BTC = MAYBE — but not nearly as high probability as altcoins.

Those short answers mean SOMETHING — and we’re wiling to speculate it means that BTC is still driving this market and as of now has a bullish edge to MOST altcoins.

TAKEAWAY — Short Term: anything is possible and it’s currently best to be on the sidelines or with very low risk trades- several of which we’ve shared

LONG TERM?   Don’t fall too in love with altcoins at the expense of BTC in your IT/LT trading portfolio

3 CHARTS — HOLIDAY GAMES CONTINUE — BTC $7250 STILL THE FOCUS

Note: If we close below $7250 today — need to watch carefully for reentry trades above $7250 tomorrow when volume is likely to increase after US holiday.  Close is what matters but CLOSE TOMORROW if volume higher = important confirmation.

NOTE: BTC chart got cut off — top should read — BTC CURRENT MOVE LOW: $7168

btc early 5 28LTC early 5 28

NOTE: we used Bittrex for XMR because highest volume Binance exchange does not trade XMR in USD or USDT

xnrusdt early 5 28

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 LTC ZEC crypto market early updates May 23, 2018 9:45 AM EST

NOTE:   Overall trade strategy that can be considered in btc and altcoin trades noted on XBT chart — see that below.

Patterns have been on target with market action indicating if XBT gap filled we’d see prices <$8000.  Now over the next two days we’re going to see just how serious they are about tanking this market to retest the lows.  As we’ve shared there is little price/volume support under $8000 down to $7250 range AND the smaller bearish pattern we shared last week (see charts below) is breaking down– we’re not seeing the flush you’d expect YET….

What we’re watching:

  • See notes on charts for BTC XBT indicators
  • ETH (older chart shown for reference)- There were indicators that $600 was a key price level that needed to be retested — we’re getting close.
  • ZEC (yesterday’s chart shown for reference – Hodling up suprisingly well — edge to BEARS increase if ZEC drops and especially closes under $300.
  • LTC crash lows at $100 range and XMR lows at $150 range — as noted multiple times these two are the only 2 large altcoins whose lows were never retested.

We’re back to a good time to have plenty of cash available to stay safe and to take advantage of buying opportunities — but we wouldn’t rush into anything here.

MULTIPLE CHARTS — BIG MOVES IN PROGRESS — HAVE A CLEAR TRADING PLAN!

yesterday’s btc and xbt chart shown below again for reference

btc early 5 23

xbt 5 23 early

btc 5 22 early

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eth marekt wrap 5 19

LTC early 5 23zec early 5 22

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 GNT XRP LTC crypto market early updates May 3, 2018

NOTE:  We’ve noted there have been many bullish set ups (including BTC and ETH most notably) and now we’re seeing breakouts of bullish patterns for both large and smaller cryptos.

Is this the beginning of a BIG MOVE to the upside?  There are multiple indicators that say YES — however, we have an important test coming that is most clearly shown on the XBT futures which should resolve over the next 2-3 days when the current “lower low reversal” pattern will move down to test the moving averages, OR that pattern may fail which often leads to BIG moves to the upside (like to the $12000 target maybe?)

WHAT ABOUT ALTCOINS?

We have nailed multiple HUGE moves in the altcoin market but there have been a few very notable laggards — we think if we’re off to the races coins like LTC and XRP should not be left behind — so watch the charts below.

ST TRADE STRATEGY

We have strong moves up with high volume — we should see green closes if this is truly a bullish move (doesn’t mean there won’t be huge swings intraday!).  This offers an opportunity to enter SAFE ST trades during the day and simply exiting those trades if we close red.  A few examples of set ups where this COULD make sense are ETH, ZEC and BTC–there are MANY others — STUDY — write us with questions at cryptopatterns@gmail.com.  That said

WARNING — we could easily turn red after the close today so trailing stops after a green close AND/OR taking profits if we move up MUST be used to stay safe with this strategy.  DO NOT PLAY GAMES HERE — GREAT UPSIDE BUT ALSO GREAT DOWNSIDE IF YOU DON’T STAY SAFE AND DEFINE YOUR RISK!!

MULTIPLE CHARTS — BREAKOUT OR FAKEOUT?  VOLUME (usually) DOESN’T LIE

xbt early 5 3

We’ve shared multiple bullish charts for ETH — this was a special request chart yesterday with the latest ST indicators

eth usd 5 2

We shared this GNT chart weeks ago — hope you kept it in mind!

gntbtc market wrap 4 10

 

ltc early 5 3xrp early 5 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 ETH XRP crypto market wrap Vol 12 issue 2 4/3/18 8:30 PM EST

NOTE:  Today brough the move up for BTC and most altcoins that was essentially a “stick save” to avoid another crash (for now).  If you review recent posts you’ll see that SHORT TERM/INTERMEDIATE TERM:

  • BTC still leads the way
  • ETH has the most bullish set up – but has underperformed recently
  • STR/XLM has the most strength of any altcoin

We’ll review the ST/IT charts and plan to post any mod/high prob trade set ups worth considering in real time updates or early updates tomorrow.

We feel there will be many opportunities to “catch the bus” if this is THE BOTTOM, so instead of ST trades, the following LT update is worth sharing in our market wrap today to help you get a feel for the “Big Picture” for the crypto market.

CRYPTO MARKET LONG TERM TRADING ANALYSIS

tl:dr — the following charts offer a variety of key patterns indicators and targets that can help you adjust (or build) your LONG – TERM trading strategy.  If you’re serious about long-term success in trading or investing in crypto, we encourage you to study them carefully and welcome your questions or additional requests — just email us at

cryptopatterns@gmail.com

BOTTOM LINE CURRENT LT CONCLUSIONS BASED ON CHARTS BELOW:

  1. BTC currently has a strong bullish long-term edge to large Altcoins
  2. BTC might be at a LT bottom, but there are many signals that say lower prices are moderate probability. 
  3. ETH and XRP must both be watched carefully as they are approaching critical areas of support that must hodl for their LT bullish case to stay in tact.
  4. LTC and XMR (charts not shown) are the “next in line” large altcoins to watch as they have not yet made new crash lows while all others have.
  5. SPECULATION: The weakness in large altcoins vs BTC is a moderate prob indicator to watch that some (possibly most) will NOT move up “in sync” with BTC and “winner” altcoins LT.   Currently no large altcoin charts are showing they will ultimately keep pace with BTC LT, but we think that can and will change.
  6. SPECULATION: Reliable patterns and indicators have not worked consistently for several weeks, and we think this is a signal we’re still in a bearish wave as well as a “headfake” to get investors and traders to get shaken out of the LT Bull market (at least for BTC)

 

KEY ASSUMPTIONS (BASED ON OVER 2 YEARS OF MARKET HISTORY)

  1.  Bitcoin is the KING of cryptos – BTC drives the crypto market 
  2. ETH is the QUEEN of cryptos and is the most important altcoin in terms of technical analysis — in other words — it’s not high prob to bet on a LT large altcoin without careful consideration of the LT charts for ETH and how ETH might effect the price of any altcoin you trade.  Therefore ETH is our primary focus on altcoin charts.
  3. The large altcoin market LT analysis is more reliable than small lower volume altcoins–therefore ALL long term trading decisions for ANY crypto should consider BTC and the large altcoin market.

RED FLAGS FOR THIS LT ANALYSIS

— The huge increase in experienced traders, whales, bots and hedge funds over the last 3 months can lead to changes to fundamental patterns and conclusions in the charts shown below at any time.  “THEY know what we know” and THEY can change the rules at any time, however, history supports high probability fundamental technical analysis and trading is still the safest approach to follow.

–We are at the mercy of data provided by exchanges that are not closely regulated.  The conclusions above can only be as good as the data available.

— LT trading strategy should involve IT and ST trade execution — do not trade the following information without confirmation from shorter term time frames (or WAIT for that confirmation!)

Final trading notes:  

  1. Just because BTC is currently the most bullish LT — it’s not SAFE to trade 100% of your LT funds in BTC — they can change the set ups at any time (and probably will!) — but probabilities do say that BTC should play an important role in your LT crypto portfolio.
  2. Financial management is every bit as important as bullish patterns to SAFE trading — the charts below show just how far price can fall and still be bullish LT and this should be carefully considered in how much of your funds you dedicate to long term vs Short-term and Intermediate term if you want to avoid huge swings in your total portfolio balance.

MULTIPLE WEEKLY CHARTS — THE LONG TERM OUTLOOK FOR THE CRYPTO MARKET

btc lt fibs market wrap 4 3btc lt market wrap 4 3eth fib level lt 4 3eth usd lt market wrap 4 3ethbtc lt market wrap 4 3xrpbtc lt 4 3 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.

BTC BCH ETH LTC XMR crypto market wrap Vol 11 Issue 2 3 22 18 9:55 PM EST

NOTE:  Mixed signals at the close today with nothing high probability bullish.  On the other hand the bullish patterns and much higher targets (BTC $10500 XMR $300 etc) are still in play so the takeaway is stay alert for ST/IT positions and whatever you do HONOR ALL STOPS — reentry is much safer in this market than hoping for price to come back after a bearish close below key levels.

5 CHARTS – The coins to watch — ETH and the 4 Coins that have not made new crash lows

bch market wrap 3 22btc market wrap 3 22eth market wrap 3 22

NOTE LTC chart not shown but has same set up as XMR chart — did not make bullish lower low reversal pattern = slight edge to bears.

xmr market wrap 3 22

 

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 BCH LTC crypto market early updates 3 20 18 11 AM EST

NOTE:  We’ll keep it short and sweet in this early update–

WE NEED FOLLOW THROUGH SOON

XBT Futures showed a bullish set up, so did BTC and most large Altcoins —

THEY KNOW THAT WE KNOW 8400 is a key level and they closed above it (and are currently above it), and we have patterns and indicators to support a move up,  but where are the buyers rushing in to test next key $9500?  It could still happen but it’s definitely a red flag to watch

Close is what matters as the following key charts illustrate — stay alert and HONOR STOPS

3 CHARTS — Set ups from 3 of the 4 large cryptos that have not made lower lows

NOTE: This should read …would be a ‘higher high reversal” for BCH

bch early 3 20btc early 3 20ltc early 3 20

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.