BTC XBT ETH XRP REP crypto market early updates 1 11 18 10:30 AM EST

NOTE:  REP….wow.   We knew it was worth watching as a market indicator – but the entertainment value of watching THEM “moving price anywhere they want” has been an unexpected bonus.  But REP could be giving us a clue that we can use NOW in our trading…..

We often say –there is always a bullish and bearish case — in market wrap yesterday we wrote:

On the other hand, CLOSE IS STILL WHAT MATTERS and they are making this look horrible early in the trading day, so stay alert, watch key crypto targets, and have a clear strategy to reenter ST/IT positions if your research calls for it closer to close tomorrow.

But the real takeaway from REP’s (and XRP’s) current roller coaster ride is this:

REP and XRP – (charts below) and STR/XLM – (not shown) are indicating the huge drop to the edge of the cliff was a stop run and we’re heading higher.

What makes us think that?

  1. REP made another new all time high with massive volume AND broke the “nowhere to hide”
  2. XRP got back on the bullish track with a new bullish pattern and breakout with volume.

IF REP and XRP have bottomed — is it only true for those cryptos?  What about our key market indicators ETH and BTC?

ETH has a lot of bullish support and has always correlated with REP so for ETH we can say high prob if REP

BTC is trickier as it has not been bullish like ETH, but we are seeing a strong reaction up after testing the bottom of the “3 bears” pattern shown yesterday (and again below) — plus we say again we’ve never seen the crypto market move up strongly without BTC bullish or at least flat–so it’s moderate prob that the “all clear” signal from REP and XRP applies to BTC as well.

The bigger question: was that THE bottom?

We’re getting way ahead of ourselves but the current drop was so close to a huge market breakdown and is recovering so quickly that it does have signs of a transition to a new bullish wave.   That would mean we’re POTENTIALLY on the way to BTC 25000 and god knows what sort of new highs in ETH and other cryptos like XRP and STR both of which have much higher targets…..

WARNING: This is just speculation about a meaningful bottom and the start of a true bullish wave at this time — but it’s something to watch VERY closely as it could impact ST/IT trading strategies 

If that was THE bottom, we’ll know very soon–meanwhile ST REP and XRP say the

EDGE IS TO BULLS

So finding safe CLEARLY DEFINED trades in the current set up has a high prob of being profitable — HOWEVER — expect to use wide stop loss ranges as they are not just going to hand you the profits… and all of this bullish talk could be proven wrong by close today and we must STAY SAFE to stay in the trading game!

5 CHARTS  – XBT futures are not on board yet–but they could be by close….

BTC and ETH charts from prior posts for reference

BTC early 1 10eth market wrap 1 10re[ early 1 11xbt early 1 11XRP early 1 11

 

 

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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BTC ETH STR REP crypto market early updates 1 8 17 11:45 AM EST

NOTE: The big question was today’s big drop (which patterns showed you coming yesterday)

  • A stop run before we head higher?
  • A breakdown that will be the start of a drop that will retest recent lows like BTC 11300 which could lead to BTC <$10000?

We don’t get to know for sure, but one thing came from that drop that is absolutely KEY for your trading strategy:

BTC and The Holy Grail Pattern are still in control of the crypto market

As the charts below show, there were some signs of divergence away from BTC UP/ALTCOINS UP with ETH ZEC and a few other coins over the last few days, but when volume showed up –we got a clear answer — if BTC tanks–everything tanks.

Of course that could change at any time — and we’re recommending to keep a close eye on ETH as it has the best chance of  breaking away from BTC — but for now

BTC is THE KING  and The Holy Grail Pattern is THE PATTERN — until it isn’t.

That’s the takeaway you can use in any trading strategy — but here are a few other factors we think are worth noting:

  • REP is a crypto worth watching — spiked way higher before dropping with BTC with LOWER VOLUME and now is back near today’s highs with very high relative volume — REP has been a good indicator from time to time and the fact it tends to move with ETH makes it worth watching and possibly trading if we continue on the bullish path (ST/IT at least)
  • The Holy Grail Pattern lower channel ranges from approx 12500-15000 so until we see a close (and ideally a next day “follow through”) we can build trade strategies using this range to confirm stop ranges on other coins.

btc market wrap 1 4

It’s never been more important to have a clearly defined trading plan — and we think our high prob strategy to take some profits on ST/IT trades when you have them is also proving to be the most profitable approach in this very challenging market.

4 CHARTS — WATCHING FOR CLEAR INDICATORS OF RECOVERY OR BREAKDOWN of most if not all of crypto market.

btc early 1 8ETH early 1 8str early 1 8

REP is a very interesting chart – did NOT have high volume on spike down — have to be careful giving this clue to much value–but it definitely makes REP worth watching and possibly trading….

rep early 1 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) 2017 JBP cons, inc.  All rights reserved.

BTC LTC ETH BCH crypto market early updates 12 18 17 7:45 AM EST

tl:dr  BOTTOM LINE — THE SAFEST TRADE OF ALL TIME

IF we break out to new highs for key large cryptos (ETH LTC BCH DASH XMR) — there should be no problem entering trades on your favorite altcoin and using a TIGHT conservative stop range somewhere not too far below the breakout level.

Why do we think this? If the water’s truly fine and everyone needs to get in — why would price drop after breakout?

TRADE STRATEGY WATCH REP (and of course BTC  and perhaps ETC as well)– REP could be good indicator of REAL or Headfake as it JUST made a new high but did not break out.

Current set up = NO TRADING EDGE until we see clean breakout of multiple KEY large altcoins or a sharp drop pulling away from current levels.

IF HEADFAKE — Rug could get pulled out creating FAST drop — no worries, you have the safest trade of all time game plan — this could be your greatest day as a SAFE trader — whether you make money or get stopped out!

DETAILS AND CHARTS

NOTE:  Are THEY about to hand us the layup SAFE trade of all time?

Maybe they are going to give us THE CHRISTMAS PRESENT RALLY after all?

Maybe, but before we deploy all that cash sitting on the sidelines and shut off the computer to resist selling so we can make another 500% this WEEK– as SAFE traders we remember a few key sayings:

  • CLOSE is what matters
  • They can take price anywhere they want at any time
  • Volume doesn’t lie

And possibly the most important reminder

We have NEVER seen Altcoins UP/Bitcoin Down as a trend

WHAT WE’RE SEEING

BULLISH

Altcoins look very bullish — even our “Coinbase theory” coins ETH and LTC are back up near their highs ready to break out–volume is not especially high (except for NXT) but it’s strong

BTC has recovered nicely and is “hovering”near 19000 (poloniex) — we have seen the last several days that

ALTCOINS UP/BTC HOVERING has been a thing the last several days and could possibly become the trend we can start to rely upon for trading purposes.

As chart shows $19,250 puts us in the bearish pattern failure “danger zone” which would support the super bullish case and our $22500 target (higher if we see strong volume)

BTC Exchange cryptos are moving up — looks like “the can’t lose crypto market”

RED FLAGS

Dash is lagging — DASH GOES FIRST remember?  Maybe the DASH illuminati are sending a message?

BTC is lagging — This has not stopped altcoins recently as long as sagging and not dropping hard.  However it’s still a red flag for a market that is heavily based on BTC

NOTHING is breaking out YET– other than NXT — we ask what we always ask— WHY??  The market is SO bullish — why not just click BUY and send us to the moon–instead we blast right up to breakout and stop?

BOTTOM LINE — THE SAFEST TRADE OF ALL TIME

IF we do break out — and we mean a convincing large altcoin market wide breakout (like NXT) — there should be no problem entering trades on your favorite altcoin and using a TIGHT conservative stop range somewhere not too far below the breakout level.

If the water’s truly fine and everyone needs to get in — why would price drop after breakout?

Sure they might do a retest of a breakout as a stop run at some point but that is low to mod prob at best because THEY WANT YOU 100% INVESTED and chasing if the WAVE 5 music is continuing to play!!

Just set your stops far enough below breakout levels to miss a stop run OR even better go ahead and get stopped out and just reenter after the stop run once they go above breakout levels again — if you can do this with discipline you can even use larger position sizes on reentry trades if you can tolerate a little more risk.

See?  SAFE and EASY — if a headfake you might lose a little money but you can’t trade safely and profitably if that’s a problem for you.

Anything can happen –especially in crypto — so maybe we all make lots of money today (hey we’re still in some positions so high prob you already have and continue to!)

BUT MAYBE THIS IS A HUGE HEADFAKE

We have indicators that can tell us.  WATCH DASH and REP (and perhaps ETC as well)– could be good indicator of REAL or Headfake. We would not rely too heavily on NXT or ZEC as they often go “rogue”.

IF HEADFAKE — Will likely FALL FAST at some point– you have the safest trade of all time game plan — this could be your greatest day as a SAFE trader — whether you make money or get stopped out!

2 CHARTS — BTC AND REP — WATCH (AND TRADE) BREAKOUT LEVELS — SAFE AND EASY!

Note: This is BTC’s chart from yesterday — same set up.

BTC market wrap 12 17rep early 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.

 

 

 

 

BTC DASH crypto market wrap Vol 7 Issue 2 12 3 17 10:45 PM EST

NOTE: Travelling with different computer so charting is sketchy but wanted to get update to subs and guest to keep you on top of patterns and indicators.

DASH continues to be the chart to watch so we’ve tried our best to update it below — however here are some other highlights you can check out on the charts based on our review of the current situation.

BTC’s and BCH’s  nice recovery from lows today keep the bullish case in play -we shared yesterday that flag and pennant patterns can drop quite a bit and still be valid — now if we don’t see action to the upside in next 24 hours—different story…. Also means SOMETHING that BTC and BCH are moving together….could be very bullish or red flag — next day or two plus watching DASH will help determine which….

REP — apparently didn’t like our comment about being strange from early updates — now has very bullish pattern along with POSSIBLE wave pattern showing targets much higher — for now if your research supports the bullish case for REP highest prob is scale in SLOWLY as REP has a lot of work to do to prove it’s breaking out –especially REP vs BTC

—-Other large altcoins had lower low reversals today –– strongest would be ETC but also seen on ZEC and as mentioned DASH — not same pattern on other altcoins so that only slight edge to bulls for continued upside prices confirming  this pattern, but still moderate to high prob of test of moving averages for many cryptos in near future (1-6 days).  Would be nice to see these coins move up with high volume to support bullish case today.

MODERATE SIZE CRYPTOS that trade on the BTC exchange showing POTENTIAL bullish patterns — Best examples here are OMG STRAT and VTC (THE WIDOWMAKER –careful!!)–none of these patterns are high prob trades at this time…. same for:

SMALL CRYPTOS WAKING UP — We see bullish patterns beginning to emerge in old favorites DGB and SC (where patterns called a 500% move back in the day)

Add to the last two comments that ARDR closed with an edge for bulls and there are

THREE POSSIBLE PATHS FOR NEXT BIG MOVE we’re assessing the probabilities:

  1. A ROTATION for large altcoins over to the BTC based smaller and moderate size coins that have been destroyed over the last 2-3 months
  2. An explosive move in the entire crypto market –setting up the likely upcoming correction
  3. A complete headfake and just take the market down from current levels sooner rather than later.

TRADE STRATEGY IDEAS –as of right now still SLIGHT EDGE TO BULLS

Watch the clearly defined stop range on DASH (as well as ETC) closely = yesterday’s low  should be a good indicator for BTC and large altcoin market based on recent price action.

The 3 keys to trading in this market of course still apply — see today’s early update if you need a refresher….

For now, on the mid and small cap cryptos – we think the highest prob trade strategy is to find the coins you have the most confidence in and scale in a VERY SMALL position and add very slowly if you see prices drop — consider it an IT/LT position and be prepared to use a wide stop range which could mean you are willing to lose 30-70% of the funds invested (when we say small position we mean it)

There is so much upside in some of these altcoins that a small position can produce great returns if it explodes right now — AND you can always add on the way up — NXT showed a great example of how that could work over the last 2 days.

This is simply not the time in the wave cycle that you want to be fully invested — so error to smaller vs larger positions — Or you could play it really SAFE and not front run the emerging bullish patterns on these smaller cryptos as there is plenty of upside if they breakout and confirm — so you could add as a “momentum trade”

More charts soon — meanwhile do your own study and watch for BIG MOVES — as today proved, in current conditions then can and do come at ANY time.

dash12317

 

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.

 

 

 

 

should be able to improve charting soon but meantime any questions write us at

 

 

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 DASH NXT REP STR crypto market early updates 12 3 17 8:15 AM EST

NOTE:  While strong moves up after yesterday’s small pullback for BTC and DASH LOOK exactly like what the highest prob bullish pattern called for, it’s not quite right–and it could be a big RED FLAG for altcoins, BTC or BOTH.

As the chart below shows DASH just missed going to a lower low on the USDT chart before spiking higher ( $750.68 vs 751.75) — that’s important because it does NOT extend DASH’s mod to high prob sell signal meaning DASH should drop to test moving averages in next 1-3 days.  Will it go by itself?  We’ve seen over and over DASH likes to go first — what we have never seen to date is DASH likes to go ALONE.

So something’s up.

Maybe the entire crypto market will just keep cranking higher as DASH creates pattern failure which would be very bullish.  Remember we’ve been in this exact set up before after a huge month of gains and it didn’t end well for altcoins — so that adds to the bearish case (at least ST starting in the next 1-3 days) for DASH and ALTCOINS and possibly BTC too.

We’ve already anticipated this set up and shared the highest prob trade strategy in nearly every post in December so far — to summarize:

  1. Hodl some cash (let’s say 25-50% of your ST/IT funds as a safe starting point)
  2. Take profits along the way (take 50% off of positions after a 15-25% gain for example)
  3. Use a little tighter than normal trailing stops for ALL trades — if it gets hit–cash it out and enjoy your profits –don’t chase every penny!

With that said–there might be an opportunity to add SAFELY at HIGHER prices if DASH creates pattern failure –so don’t feel like you’re missing the bus if you’re sitting on a bunch of cash from your profitable trades because there’s always another one if you TRADE SAFELY.

FINALLY — BCH chart is shown again because it looks stronger vs BTC than other altcoins so far today — That COULD mean BCH will move up with BTC or go rogue and move up no matter what–you have the SAFE trade strategy to add to your own research if interested….

MULTIPLE CHARTS – SOMETHING’S UP AND BIG MOVES (possibly both up and down) LIKELY TO HAPPEN IN NEXT 1-3 DAYS STARTING TODAY….

PLEASE HAVE A CLEARLY DEFINED SAFE TRADING PLAN!

NOTE:  We also reviewed charts from the major cryptos such as ETH LTC NXT and ZEC and they also look weak vs BTC and stronger in the USDT charts — we’re a long way from close and altcoins could explode higher today — they have the bullish patterns to do it!  BUT if they close lower vs BTC today today consider tightening stops or scaling back positions vs BTC.

BTC early 12 3

BCH real time 12 2

Dash early 12 3

ardr 12 3

rep early 12 3

NOTE: This should say came within a fraction of the .10 target not .010 target —

STR early 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.

REP Augur real time update 8 28 17 10:50 AM EST

NOTE: Large crypto market is in a “shake out” pattern but REP is showing enough red flags to have us wary something else is going on. We’ve never loved REP due to much lower volume patterns to begin with, but it’s still been highly profitable and very bullish recently.

Now, kind of looks like ETH’s chart right before the DAO hack actually…  Just stay aware if this is a crypto you trade…we see nothing on ETH, ETC or ZEC’s charts to say whatever is going on with REP is effecting related cryptos at this time.

rep real time 8 28

 

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!

ETH ETC REP NEO BTC crypto market early updates 8 25 17 9:40 AM

NOTE:  We’re focused on ETH and related cryptos early today.  As noted yesterday on our ZEC chart, we’re seeing a fairly strong move up for both ETH and ZEC as well as a breakout move from REP which we’ve been telling you about for weeks (another 20%+ winner–still more time in August too 🙂  ) We also add NEO to our update and “Chinese Ethereum” is showing bullish signs as well.

ETC seems to be the stick in the mud, though it had a bullish pattern and strong move just 2 days ago — no follow through…yet.

BTC broke the 4250 level as probabilities said it would — we’re adding the bullish pattern chart again for your reference.  Currently struggling to get over $4500 much less the $4750 target–as current price patterns said it would — but the grinding move up by BTC so far is definitely not a red flag.

LTC retested key $50 level so we’re watching for move back up to new highs that indicators called for, but we still see moderate prob we drop down to $47 to shake out all but the strongest LTC bulls.  Scaling in highest prob approach here — LTC is tricky.  We’ll probably do a real time update soon to see how patterns are shaping up.

XMR is VERY BULLISH IT/LT and possibly even ST.   even with big moves already completed.  Hope subs found an entry yesterday around the lows as highest prob reversal pattern we shared did play out.  There’s a bullish inv head and shoulders on the 30 minute chart with a target around $110 — not shown here but check it out.

DASH looks bullish too — let’s see if it moves up towards $350 target today as we know “Dash likes to go first” so that might be an indicator we might be nearing the end of the “shake out pattern” for large cryptos….definitely want clear bullish action for more than 1 day to confirm it in any case….

5 CHARTS  – THE BULLISH STAGE FOR ETH IS SET – EXCEPT FOR ETC??

BTC early 8 23ETC early 8 25eth early 8 25neo early 8 25rep early 8 25

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.