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

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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

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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

 

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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.

BTC DASH ETH XMR crypto market early updates April 22, 2018 11:05 AM EST

NOTE:  Is current continued bullish price action across the crypto market an “all clear sign” for cryptos that we’re off to the races higher?  It’s possible but patterns and indicators support the highest probability ST/IT trade strategy continues to be:

CONTINUE TO USE TRAILING STOPS OR TAKE PROFITS ON POSITIONS AS YOU SEE STRONG MOVES TOWARDS PATTERN TARGETS.

Translation?  Patterns support a pullback for the crypto market — possibly a large, sharp pullback.  The key question is FROM WHERE?

Here are 3 key indicators we’re watching that support the case for a “pullback” sooner rather than later.

  1.  Moderate performance (SO FAR) from smaller cap crypto market — we like the strength but now we want to see strong follow through (bigger increases overall) with volume.

crypto market 4 22

2.  Approaching or Hitting key resistance levels for MANY key cryptos (BTC, XMR, BCH, ETH and others) — how price reacts at these key levels–if it hits those key levels ($9500 BTC for example) will be important to managing ST/IT trades.

3.  XBT FUTURES — not open during the most recent leg up for BTC this weekend and already overbought — here are multiple charts from recent posts with one new note with details of BTC’s set up.

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NOTE:  The note in this updated chart should say OVERBOUGHT not oversold….

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Keep in mind this pulback could start from MUCH higher prices which is why we want to continue to manage existing trades AND trade bullish high prob set ups — as long as we execute our trade strategies to STAY SAFE without hesitation.

3 ADDITIONAL CHARTS — ETH DELIVERING AND OUR TWO LEADING INDICATORS WORTH WATCHING.

ETH chart from prior post — still very much in play —

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dash early 4 22xmr early 4 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 LTC XMR ZEC crypto market early updates 4 18 18 9:45 AM EST

NOTE:  tl:dr

ROTATION price action continues but large alts now appear to be getting in the game — BTC futures say we need some strong upside SOON or we’ll see another pullback (or worse).

Charts and all the details below:

Once again yesterday we saw a sharp drop that did not follow through to lower prices, and now BTC has recovered to prices above $8000 with altcoins continuing to look bullish– at least short term.  XBT futures chart below shows THEY continue to play games and time for this move up (for BTC at least) is running short.

One change we’re seeing in price action today is more bullish behavior among the larger altcoins (joining STR which we shared as bullish days ago), which could create SAFE trade opportunities.  We show you the set up for ZEC below but there are other large altcoins with the same set up – here are 3 examples:

  • BCH
  • DASH
  • XRP

So similar trade set ups could be applied — any questions write us at cryptopatterns@gmail.com

One coin that is NOT showing the same bullish set up is LTC (chart not shown) that was more bullish yesterday but is lagging today — we don’t see this as a red flag for LTC but rather think this supports the current “ROTATION” in and out of cryptos.

SEE BTC and LARGE ALTCOIN CHARTS BELOW 

SMALL ALTCOINS — SAFE TRADING STILL APPLIES!

One of the many small altcoins we’ve shared as tradeable has a particularly bullish set up today LBC  which has broken out with volume and is on DAY 2 of a lower low reversal pattern which is moderate to high prob for more upside:

lbc early 4 18

Of course, if you didn’t enter LBC when we mentioned it days ago you can enter a safe trade now, but there’s a bigger message to keep in mind:

Most of the small altcoins we’ve covered in recent posts are higher (some way higher like GNT), but every day for the last several days certain altcoins are spiking much higher.

It’s easy to want to chase the BIG movers, (or get frustrated when your current trades are up “only 5%”!!) but we encourage you to stick to good fundamentals of finding a clear bullish set up with a tradeable pattern and ideally, some sort of trade history to increase probabilities of hitting targets.

The last 3 months should have also proven to you that LOWERING EXPECTATIONS FOR RETURNS ON EACH TRADE is also an excellent trade strategy!  

THEY want you to chase — it rarely ends profitably — The takeaway is to DEFINE YOUR TRADES — do your homework and only enter (and exit) trades where you have 100% confidence — that’s far more profitable for safe profitable trading long term.

3 MORE CHARTS — TIME FOR THE BIG ALTS TO MOVE UP?  Looks like breakouts but CLOSE IS WHAT MATTERS

(so consider waiting for trades entries or scale in additions till close 8 PM EST)

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NOTE: As always — keep an eye on XMR — a strong move up could be a leading indicator for much bigger moves for large alts and possibly entire crypto market — OR NOT.

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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 XMR VTC early updates 4 7 18 1:00 PM EST

NOTE:  here’s your bullet point summary for today — charts below:

  • XBT futures close, BTC and altcoins start moving with more volatility–that’s a thing (or should we say pattern) now….this week they’re making it look bullish….
  • One of these times, the move up will be REAL and tradeable and there will be great upside–this COULD be the time — but there are many reasons to be skeptical – in cryptopatterns speak we’ll call it MOD probability at best.
  • Whenever a bullish move does play out, don’t even THINK about new highs or 2x or 5 x or any X for your ST/IT funds–just think about making some damn money safely  — hopefully you see that’s the LT path to trading success.
  • We think it’s fine to stay on the sidelines with ST/IT funds for now,  practice controlling your FOMO that has probably cost you some decent coin at this point (or is it just us? 🙂 ) —  and wait for some strong bullish confirmations, then catch the bus — there’s plenty of upside to join in mid-move if we’re seeing a real bullish move — no more expectations of 2X or more –that’s now a pleasant bonus–get in the real world of trading and you can make great profits safely year after year.

3 CHARTS — THERE ARE SAFE ST/IT TRADES — DOESN’T MEAN YOU’LL MAKE MONEY…..DOESN’T MEAN YOU WON’T — JUST STAY SAFE EITHER WAY, THE PROFITS WILL COME….

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NOTE:  The set ups for large altcoins are very different — XMR has been a good leading indicator with a clear pattern and target–but other large altcoins COULD be tradeable with similar entries, targets and stop ranges — write us at cryptopatterns@gmail.com with any questions.

xmr early 4 7

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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 XBT ETH XMR STR crypto market early updates 3 29 18 9:55 AM EST

NOTE:  tl:dr

A strong move down in last 12 hours offers a SAFE trade opportunity but is also a bearish sign for the crypto market IT/LT

And here are the details:

THE CRYPTO MARKET BIG PICTURE

There are two things we’ve covered often in our posts over recent weeks/months are worth reviewing today:

  1. ALL CRYPTOS TEST THE LOWS AND FAIL PATTERN — still very much in play            It started weeks ago when we showed you that STR and REP broke their crash lows, then slowly but surely other large altcoins have all broken their crash lows.  The bleeding seemed to stop over the last 2 weeks but now BCH has joined the group breaking its prior low of 757 (current low      .  This leaves only LTC, XMR and of course BTC hodling crash lows — history says at least LTC and XMR are high prob to also break their lows — and it’s now mod/high prob that BTC will test its crash lows as well — TAKEAWAY: ALL trading decisions (ST/IT AND NOW LT) need to consider this “test the lows and fail” pattern.
  2. THE HOLY GRAIL PATTERN IS STILL VERY MUCH IN PLAY                                           We’ll post an updated chart in a post we’re preparing for LT trading — but we will remind you for now pattern targets were well below $5000 with extended targets at $3000 and even $1500 — all still in play…..

SHORT TERM TRADING TODAY

We’ve seen nearly every bullish set up go nowhere or outright fail over the last few weeks.  Over the last few days we’ve shared one of the best set ups we’ve seen in some time, and yet, it’s also showing weakness — this supports our call for SMALLER ST/IT positions on any trade — and of course, taking profits if we see them.

The charts below show our current set up — next 2 days will be VERY important for short term trading — but even if we go up, we need to see some serious strength to overcome the current

IT/LT EDGE TO BEARS

FINALLY: IF WE’RE SEEING EDGE TO BEARS WHY NOT JUST RECOMMEND SHORTING BTC AND OR ALTCOINS?

2 reasons:

  1. We’re still in a LT bull market for BTC AND Large Altcoins — again a post we’re preparing will show you the LT picture, but we’ve dropped enough by all standards for THEM to start a new bullish wave at any time — and we believe when it happens things could move very quickly.  Therefore, the SAFER trade is sidelines vs shorting in this set up –no matter how far we fall — see #2 below for more support– just review the S and P 500 chart over the last 9 YEARS if you want confirmation of the risks of shorting in a LT bull market.
  2. There are not many easy ways to short cryptos and it can be very hard to exit trades if we have a very strong move — We’re not against carefully defined ST trades going short but we don’t trust the current crypto exchange system.  The XBT futures if available to you are probably the best option for shorting, but most involve margin costs and are difficult to execute.  We watched traders lose everything on strong bull moves when most were bearish (XRP comes to mind and of course BTC).

TAKEAWAY — unless you’re a pro with a high tolerance for risk, better to stay small and make returns on ST/IT long trades when high prob set ups are available.

They continue to work to frustrate traders to want to cash out or quit — this is real world trading — STAY SAFE and you’ll be glad you stayed in the game.

4 CHARTS — CURRENT SHORT TERM TRADE SET UP SLIGHT EDGE BULLS BUT IT/LT BEARISH SIGNS

This is BTC’s chart from yesterday —now day 5 — see updated XBT chart for key updates as this trade is still in play.

btc market wrap 3 27xbt early 3 29eth early 3 29

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Here is STR’s chart from yesterday where a mod prob trade set up was available though not a clear edge — STAY SMALL if trading but still worth watching if we see a bounce in BTC/altcoins as STR showed good relative strength….next 2 days are highest prob for reversal–could wait for bullish move and enter at higher prices (if we see them) as a safer trade.

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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.