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.

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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 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 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

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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 XBT XRP crypto market wrap vol 12 issue 9 April 19, 2018 10:45 PM EST

NOTE:  Patterns have been very dialed in of late with large altcoins moving up strongly as expected in yesterday’s early updates.

THE NEXT MOVE FOR THE CRYPTO MARKET IS IMPORTANT ON MANY LEVELS

Now to confirm the  ST bullish case and potential IT bullish wave,  we watch for follow through and see if pattern targets get met.

A few keys we’re also watching:

As we post this we’re seeing BTC move up to the key $8400 level so the entire crypto market is at or around key breakout levels (with some cryptos already well above, and a few lagging).

Large altcoins.  They’ve moved up and many have broken out of their bullish patterns (BCH, ZEC and XRP as noted yesterday– updated XRP chart below).  Now let’s see if they meet their targets.

—Small altcoins.  Many have moved up nicely over the last week or so, but most have a lot more upside per the bullish patterns we’ve shown (GNT, LBC , DGB and EOS are just a few of the many examples we’ve shared).

If BTC moves up strongly, let’s see what happens to altcoins and especially small altcoins — if they move up as well that would be a very bullish sign for the crypto market.

3 CHARTS  BTC AND FUTURES STAGE IS SET — XRP FLYING BUT CLOSE IS WHAT MATTERS

 

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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 XRP crypto market wrap vol 11 issue 8 3 29 17 9:15 PM EST

NOTE:  We’ve seen a steady drop in crypto prices all day which accelerated quickly immediately AFTER THE CLOSE OF THE XBT FUTURES for the holiday weekend (good friday no trading).

This is a VERY DANGEROUS situation and highest prob is to get ST/IT funds to the sidelines (if not there already) and wait for a clear bullish set up to consider reentry.

LT positions could be reduced or scaled out in a waterfall drop set up like this with the intention of reentering at lower prices — but that is often just as dangerous as leaving LT positions alone given the various set ups (BTC ETH XRP as shown below and most other altcoins) are ready for at least a bounce at any time.

We are not far from the 6600 pattern target for BTC and we show you multiple patterns that say a bounce could occur within the next 24 hours.  It will also be VERY interesting to see what XBT futures do when they open sunday evening 6 PM EST as they closed at 7100 range….

As always have a clear plan and execute it without hesitation — that’s your job if you want to get paid for trading long term.

4 CHARTS — ANYTHING POSSIBLE with XBT futures closed for next 72 hours

NOTE:  In addition to the charts below three key targets to watch for a reversal (after they are broken) are crash lows for:

  • LTC < $100 (coinbase)
  • XMR < 150 (poloniex) 
  • and possibly 
  • BTC < $5873 (coinbase) 

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eth market wrap 3 29

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XBT futures closed at 7110 and were even more oversold than this chart shown in today’s early updates.

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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 XBT ETH XRP ZEC crypto market early updates 3 14 18 10:45 AM EST

NOTE:  The XEM and ARDR safe trades shared both proved very profitable very quickly — We’ll be watching for more trades like that (and sharing them of course)– but these strong moves up have not had any impact on BTC or the large altcoin market.

BTC chart shown in real time yesterday shows breakdown that’s happening now.  So far key 8400 support has held but we’re still early in the day.  8400 is tradeable but patterns show there are lower (possibly MUCH lower) targets so using <8400 as a stop range is highest prob for SAFE trading.

If you’re not anxious to trade BTC Sidelines for ST/IT and waiting for a clear bullish pattern to enter/reenter trades is a valid, SAFE and likely profitable trading strategy as well.

ALTCOINS — MAJOR RED FLAGS — FOR SOME? OR ALL?

The ZEC and XRP charts shown below show the story —  Crash lows are the clear

LINE IN THE SAND 

In similar set ups over the last 12-24 months, if 1 large altcoin broke an important target, they all did — this time COULD be different and most key altcoins are not in nearly the danger that coins like ZEC and NXT are (Again, STR and REP have already broken lows) — but this needs to be watched carefully as it could have a major impact on trading strategy ST/IT AND LT.

Finally — keep an eye on ETH — chart from 2 days ago shown again below for refernce — next 2-3 days highest prob for a strong reversal to test moving averages — or pattern failure and a high prob test of crash lows…..

5 CHARTS  – NOTHING BULLISH GOING ON FOR BTC OR LARGE ALTCOINS FOR NOW

first two charts are BTC and ETH from prior posts for reference….

BTC real time 3 13ETH market wrap 3 12

xbt early 3 14XRP early 3 14zec early 3 14

 

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.