BTC STR XLM NXT crypto market early update 1 22 18 9:00 AM EST

NOTE: We chose this month’s password for a reason — we’re guess you see why…..

If the move up from 9150-13500 for BTC was Bullish Wave 1, then Wave 2 is valid as long as BTC hodls it’s current low at 9150.  Yesterday was a red down day for the large crypto market and today is starting off just as bearish.  However, BTC, BCH, XMR and other key altcoins dropped with lower volume — on the other hand ETH, XRP and a other altcoins had slightly higher volume –so there are mixed signals there– but BTC is The King so that would continue to offer a slight edge to bulls.

WHAT TO LOOK FOR NOW

We anticipated this drop as we’ve noted over the last 2 days, even if the probabilities are correct and the bullish case has an edge — but now it’s time for the crypto market to step up and prove its bullishness—fortunately, from a SAFE trading standpoint we have a number of targets we can watch that will tell us if the bears have regained control:

  • A Close below 10,000 for BTC.
  • A drop (even intraday) below current lows at 9150 for BTC
  • Large altcoins dropping below their prior lows (even intraday is mod prob bearish)
  • A huge spike in volume and a red close for BTC and / or large altcoins

FOR THE BULLISH CASE

Watch for a LOWER LOW REVERSAL on the daily chart which means we would close above yesterday’s low — even better if we can do so with higher volume.

For now, no matter how if “feels”, the bullish case is very much in tact — that could change at the close today so have a defined trading plan to ENTER ST/IT trades AND to EXIT ST/IT trades as both could make sense today depending on price and volume action.

We’ll update with any news we think is worth sharing but for now the line in the sand is a BTC close <$10,000 today and if that happens the mod to high prob we see new lows for BTC tomorrow.

Whatever happens — Choose to STAY SAFE — too much upside in crypto to blow it all on this trade!

2 CHARTS — The King and The Least Important Altcoin – why is NXT green?

BTC early 1 22NXT early 1 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) 2017 JBP cons, inc.  All rights reserved.

 

Advertisements

BTC NXT STR crypto market wrap Vol 7 issue 16 12 30 17 11:20 PM EST

NOTE: Bitcoin and nearly every altcoin fell below it’s bearish pattern breakdown level yesterday, setting the table for a much steeper drop, but it just didn’t happen — and now we think we’re seeing why.

BTC is setting up for the mother of all patterns — a new pattern we’ll call

THE HOLY GRAIL PATTERN.

Why the holy grail?  Because it’s moderate to high prob this pattern will determine the next BIG (and we mean BIG) move in the crypto market — 2 years of market history say it’s high prob that when BTC breaks out or breaks down from the HOLY GRAIL — the large crypto (and probably small crypto) market will follow….

To summarize what we’re seeing

  1. After reaching nearly 20000 BTC drops down for days in a row in a corrective “A” wave creating a classic “Bear Flag” pattern with targets <$10000.
  2. BTC bounces in a “B” wave which moved up to $15-16,000 range but then fell back down to the breakdown level of the bear flag — that move created a LARGE head and shoulders pattern on the daily chart
  3. BTC starts to break down below the head and shouders support level but it’s just a headfake and now it’s moderate prob we are starting the “retest” of the right shoulder of the head and shoulders pattern.  If this is true we’ll likely go back up to $15-16000 range before any serious drop.

#3 is moderate to high prob because (among other things) it makes sense that after an epic bullish run, BTC would have a retest before breaking down (if it breaks down).

For the last 2 weeks we’ve seen a lot of bearish behavior from BTC, but every time BTC comes up to the edge of disaster, the bulls show up.  We think this is once again what happened today and now see more upside for BTC to set up the ulitimate retested head and shoulders pattern — the HOLY GRAIL of patterns if you will…..

Of course there are many other paths BTC can take so SAFE trading practices are critical if you’re doing ST/IT trading.

But now you’ve got the master pattern to watch — it is high prob you’ll be effected by it if you own any crypto — so study hard and stay tuned…..

3 CHARTS — BTC’S HOLY GRAIL PATTERN – and 2 VERY INTERESTING CRYPTOS TO WATCH/TRADE?

btc market wrap 12 30

NXT chart should also say — RED FLAGS — almost no altcoin has met pattern targets — so while NXT is different that should still be considered in trading strategies…

NXT market wrap 12 30STR market wrap 12 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) 2017 JBP cons, inc.  All rights reserved.

BTC ETH NXT XRP crypto market wrap volume 7 issue 19 12 28 17 8:15 PM EXT

NOTE:  Bears had the ball today and dropped it — they dropped price market wide on huge volume but then stopped cold and stayed in a fairly tight range.

Except for XRP which managed to make yet another new high — and NXT which continued its spectacular fall — but then both kind of ground to a halt too….

What’s going on?  Again we are seeing a lot of indecision in the large crypto market and some of the moyst complex patterns you’ll find on charts (see BTC chart below for good example)  — what we do know is this

  1. You don’t see new highs two dayys in a row in a serious bear market
  2. Volume is not staying high all day with drops that don’t give you a chance to get out
  3. There ARE places to escape – -which we know you don’t get if we’re going down hard.

Things can change in a heartbeat but as of now we’re seeing some bullish signs — not super strong but they’re there and they present SAFE trading opportunities if you are bold enough to styep into an extrememly challenging crypto market.

NOTE: We want to get many more altcoins updated but we can share that the same pattern you’ll see on the ETH chart below is also on LTC and BCH charts — see the 30 minute chart for details.

4 CHARTS — Stealth bullish signs — but nowhere near out of the bearish woods yet.

BTC market wrap 12 28

again same patterns for BCH and LTC as ETH (similar but slightly weaker for DASH)

ETH market wrap 12 28

says highest prob stop range = todays low….

NXT market wrap 12 28xrp market wrap 12 28

 

BTC NXT XMR XRP Crypto Mkt Wrap V7 issue 17 12 26 17 12:35 AM EST

NOTE:  We mentioned in early updates there are bullish signs for BTC and other large altcoins (AT LEAST ST).  That has continued and now we have multiple coins with breakouts of their bullish patterns.

Is the correction over?  That continues to be low to moderate probability BUT that definitely could change by close today.

We have 4 charts to share below– before we share them please know this:

The FOMO in crypto is huge — and with good reason — if you’re not invested and things start moving fast you could lose a ton of profit or worse –be left out entirely.

HOWEVER — IF we are now heading into a new bullish wave for some, most or all large cryptos – -THERE IS STILL PLENTY OF UPSIDE FOR ST/IT trades.  If you’re serious about trading LT it’s important you can TRADE YOUR PLAN and not dive in head first every time coins move up.

That said–some moves up create better set ups than others and the current move has real potential — we’ll know a lot more by the close today — until then things continue very uncertain so choose position sizes and stop ranges accordingly.

4 CHARTS — NXT A LITTLE DIFFERENT AGAIN OR LEADING THE WAY?

nbtc real time 12 26

note NXT chart should say trade at your own risk knowing probabilities are NOT on your side — we all always trade at our own risk – the question is how are your MANAGING your risk during these incredibly difficult transitional periods??

NXT real time 12 26

xmr real time 12 26XRP real time 12 26

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 NXT crypto market early updates 12 26 17 10 AM EST

NOTE:  Clearly BTC is looking bullish ST early today.  On the other hand as chart below shows this move fits perfectly into the bearish case to take BTC down to $7250 key level or even lower IT.

NXT on the other hand is in a free fall — as the charts below show the pattern is actually usually bullish, but the nature of the drops in NXT today blassting through strong support levels say SAFE trading wouldn’t go near it unless it can return to prices above $1.80 or even $2.00

It’s important to remember that BTC and NXT skyrocketed to their highs with very similar patterns — definitely “in sync” — something is clearly up now as they go opposite directions at rocket speed — we don’t have to say BIG MOVES ARE COMING because they are here — but BIGGER moves are likely as charts also show.

What about altcoins?  Same story as last update — they have moved up looking all bullish but simply can’t break out to confirm their bullish patterns.  We’re watching XRP ETH and REP all of which have looked very strong and have clearly defined higher targets — we’ll try to post updates soon but check the 30 minute chart for the inverse head and shoulder patterns and you’ll see they are right at breakout levels.

It means SOMETHING that BTC has blasted off without altcoins — are we going back to

BTC UP/ALTCOINS DOWN?

NXT sure seems to send that message but no other altcoin has dropped like that so we need to watch the other large altcoins to see if they can break out or break down.

BOTTOM LINE

There is no trading edge and no safe trade at this time  BTC runs the show and it’s bullish ST and bearish IT — they’ll take it whichever way makes them the most money–watch the patterns in the charts below to see if a clear edge emerges.

We’re studying the XBT futures and will post what they’re saying soon…..

If already in positions –take profits or tighten trail stops as you go — and have a clearly defined exit strategy.

Just review the NXT chart to see the bearish case (as of now anyhow)  if we drop you will not have a lot of time to decide how to exit so decide NOW and hopefully we’ll move up with the bullish case so you can stay safe and profitable.

Finally, current market behaviors supports probabilities that LT positions should be held at this time in any case but understand that CAN change –no change at this time….

btc early 12 26 30 minutebtc early 12 26nxt early 12 26NXT early 30 minute 12 26

 

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 XBT NXT real time AND FUTURES update 12 20 17 4:30 PM EST

NOTE:  Patterns say there are BIG MOVES coming for BCH and BTC — that’s gotta effect the entire crypto market right?  Futures support the bearish case for BTC which using a criminal mind offers an edge to the BULLISH case for BCH —

The SPECULATIVE thinking being they are long BCH while shorting the crap out of BTC –they make money both ways….. and then can reverse the process and do it all again.

Still think trading is easy against the best of the best??

That said please don’t front run anything — remember we have indicators that BTC TOP is not in — could be weeks or months from now or could be TOMORROW — but at least keep that in mind in your trading strategies

Meanwhile we tried to get this NXT move to you as soon as we say it and it just took off on us — but could be tradeable with a tight stop or at least gives you some targets if you are already in trade.

Hard to believe NXT keeps moving up if BTC and BCH tank — even if one of them tanks hard — especially BTC — but anything is possible

For godssake have some cash (50% sounds good no?) — take some profits and define your trades — This market is NUTS!

bch real time afternoon 12 19BTC real time 12 19nxt real time 9 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) 2017 JBP cons, inc.  All rights reserved.

 

 

BTC ETC NXT crypto Market Wrap vol 7 issue 12 12 18 17 9:00 PM EST

NOTE:   Wow.  Today’s trading delivered  THE SAFEST TRADES EVER.

All we can say is WOW — they handed us a gift today — and we hope you took advantage.  You are lucky to see 1 day per YEAR where you can know exactly how to make a high probablity trade with such limited risk and great potential return.

Hopefully you took some profit on ST positions and again have lots of cash for the next high prob set up.  If you missed out — study our earlier post and understand how we identified the incredible SAFE TRADING opporunities in large altcoins today so you’re ready for similar situations.

Now things get a lot more tricky– BTC delivered a bullish close today and now has a lower low reversal pattern which can lead to up to a week more upside–on the other hand if it drops below today’s low high prob we at least test the lower moving averages which is under $15000 (see chart below).

INDICATORS WE’RE WATCHING

REP was an awesome bullish indicator today.  Tomorrow we’re watching ETC and NXT that both are showing bearish signs –very troubling considering they have 2 of the most bullish charts of all large cryptos (especially ETC that is having trouble breaking out to new highs).

But, in the end we’re back to BTC as THE indicator — it has the bullish pattern and a clear target at $22500 (or higher) battling against multiple sell signals and a bullish wave that’s gone on for a looooooong time.

The BIG question:  If BTC drops — can Altcoins move UP? What about the BTC exchange which is moving up strong as we post this.

Expect BIG MOVES and have a plan of action sooner rather than later — we think you’re going to need it to add to your positions and take some nice profits OR to get the hell out of the market for all but your most sacred LT positions.

For new subs:  Keep our 3 keys to trading survival in mind at all times (we’ve beaten this to death all month so see prior posts too)

  • Hodl lots of cash
  • Take profits along the way
  • Have clearly defined exit strategies for all trades and execute without hesitation)

3 CHARTS — INDICATORS OF BIG MOVES (AS IN EVEN MORE VOLATILITY)  COMING

btc market wrap 12 18etc market wrap 12 18NXT market wrap 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.