BTC XBT STR XLM crypto market wrap v 13 issue 14 May 31, 2018 11:59 AM EST

NOTE:   LONG TERM UPDATE COMING SOON. 

New month starts tomorrow — As we have done the last 2 months for subscribers (see category on your right), we will be doing a LONG TERM UPDATE for key cryptos in the next few days that will cover “big picture” for the crypto market with detailed charts and UPDATED LONG TERM TARGETS –we think this is valuable for evaluating IT/LT trading strategies — so watch for that….

Now for today’s update:

As noted in yesterday’s market wrap there were multiple bullish signs that indicated we might see the bearish reversal pattern fail and that’s exactly what happened.

However, unlike a powerful bullish wave like we saw late in 2017 we didn’t explode higher but instead drifted back right to the pattern failure level — leaving us with mixed signals.

We’re sharing a few key charts here to show you why we still see a

SLIGHT EDGE TO BULLS

HERE’S THE ROADMAP FOR TOMORROW

If current probabilities play out, we should see some strength soon (as in next 1-2 days) an go fill that gap at 81xx on the XBT chart (Shown below) — STR/XLM (shown below) is saying large altcoins will likely go along for the ride GNT (chart not shown- see yesterday’s post) dropped hard but has started today’s trading with a solid reversal pattern, so that’s worth watching too

If we DON’T see strength in BTC XBT, STR, and possibly GNT then we’re likely to retest $7250 BTC with altcoins dropping as hard or harder and it will be time to watch LTC to see if its going to break its $100 crash low.

Whatever happens, we’ll be watching closely as there are multiple indicators and news that show big moves on deck sooner rather than later — the weekend is coming EOS is going live among other things…..

Don’t play games with your trading in this volatile set up.  STAY SAFE = Have a clear trading plan and execute without hesitation.

3 CHARTS  –  GAP FILL OR TEST CRASH LOWS — WE’LL KNOW SOON.

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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 reservedD

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BTC EOS STR XLM crypto market early updates May 27 2018 11:45 AM EST

NOTE:  BTC continues to fight with the key $7250 level but there are multiple bullish set ups among altcoins.  Several tradeable set ups are shown below — there are more

The big takeaway as of now is we’re seeing STRONG bullish set ups in multiple altcoins while BTC is FALLING in price — the 

BTC DOWN/ALTCOINS UP 

relationship is something we have not seen before — could this be the time they finally break the old patterns or will they get back in sync?  Close today and tomorrow should offer some IMPORTANT clues to where we’re headed next.

While multiple safe trades are available, XBT futures open later today and we’re in a holiday weekend in the US which means higher probability of headfakes and manipulation, so consider that in all trade strategies.

MULTIPLE CHARTS – MULTIPLE SAFE TRADE SET UPS WHILE BTC CRASHES?  HMMM….

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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 STR XLM crypto market early updates May 25, 2018 11:05 AM EST

NOTE:  It’s been awhile since we’ve had a set up as important as the one BTC and the crypto market is facing today.

Before we describe the set up, let’s note that weekends have been when volatility has increased over the last month or two and today is Friday going into a long weekend and XBT futures won’t trade during most of this time.

Ok, now here’s the current set up:

We can give you tons of pattern analysis and probabilities but there is one focus that we think effects the entire crytpo market

We’re currently in a battle for key $7250 level and if that breaks down test of lows ($6000) level become high prob and those lows breaking becomes moderate probability.

Last two days posts and charts below tell the rest of the story.

This is a rare situation where there are clearly defined safe trades available with great upside (yesterday’s trade strategy is working  reasonably well so far), but this is a VERY DANGEROUS SET UP with signficant downside — therefore,

You MUST be willing to honor stops WITHOUT HESITATION if we close below $7250 (or whatever equivaltent stop range you’re using for altcoins).  Of course you should always honor stop ranges to stay safe but sometimes are more critical than others….

3 CHARTS (plus last 2 days posts) — STAGE IS SETTING UP — STAY ALERT!

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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 TRX XLM XRP crypto market wrap Issue 13 Vol 7 May 12, 2018 11 PM EST

NOTE: Patterns say we are at an important inflection point.

There’s no need to panic (hey, we could take the bullish path here– slight edge to bears at the moment though), but there is a need to be sure you are positioned SAFELY.

Keep in mind this could just be weekend games but the set up is explosive — so clearly define all trades, have some cash ready and EXPECT VOLATILITY.

Charts show the set up — most of the key cryptos are in similar set ups (write us if questions cryptopatterns@gmail.com)

IMPORTANT:  While BTC is still the king and likely to rule the direction of the next move,  we strongly recommend you study every chart on its own to be sure you’re confident in your trading positions because if  key cryptos like XRP and XLM can diverge (see charts below) anything is possible.

4 CHARTS — SOMETHING’S UP

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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 STR XLM crypto mkt wrap VOL 12 issue 1 4/2/18 10:15 PM EST

NOTE:  LT charts coming tomorrow but wanted to share a quick market update in case things decide to move quickly…

Keeping an eye on BTC vs XBT futures as the set up on futures has many bullish signs but we’re simply not seeing BTC take off above key $7250 range and head back to retest key $8000 and $8400 levels.

This sluggish behavior is a red flag and as XBT chart below shows, BTC is working off it’s oversold status which would be a set up for further downside.  Bottom line is BTC needs to move up quickly (and ideally with some strength) or we’re likely to see a retest of the current lows ($6400 range) and crash lows (5870 range) sooner rather than later.

As far as trade strategy there are SAFE ST trades available using yesterday’s or recent lows, but PRICE PAYS  and WITH THE EXCEPTION OF STR (trade we mentioned 2 days ago still in play-see chart below) we are not seeing any momentum to justify anything but a small ST trade until this market “proves” it wants to go up and justify the risk.

We’ll plan to post in real time if we see the pattern breakouts that are on the charts of multiple cryptos (including a few smaller cryptos that are showing strength) — but for now, caution is still the highest probability for ST/IT positions.

3 CHARTS — BTC XBT FUTURES MIXED — STR STILL STRONGEST ALTCOIN

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Red flag for STR is sluggish or even bearish behavior or rest of large crypto market — until we see more bullish momentum — taking profits along the way is highest prob for profit.

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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 STR XLM crypto market early updates 4 1 18 11:30 AM EST

NOTE: tl:dr  WHAT WE’RE WATCHING NOW AS WE START APRIL

  • BTC holy grail pattern – will it hit lower targets? (chart below)
  • XBT futures opening at 6 PM EST (they closed very oversold at $7100 so BIG ST MOVES mod to high prob– could bounce or go lower to catch up with BTC)
  • Watch for crash Lows not hit for LTC XMR  also BTC
  • ETH and STR recent relative strength worst and best altcoins offer patterns and targets to watch that will high prob be indicators for altcoin mkt.

Also — time to review LT positions and adjust trading plans as necessary

And here’s all the details:

BTC hit its double bottom target at $6600 and has now failed in its most recent bullish set up by retesting and dropping below $6600. Altcoins have followed BTC or performed even worse.

We were already trading with much smaller positions or on the sidelines for ST/IT positions but now we need to carefully study just how low BTC and Altcoins might go for future ST/IT trading opportunities as well as LT position mgmt.

We indicated we will be doing a post on the LT “big picture “for cryptos and that will be shared in a separate post in next day or two.  Meanwhile we want to cover as many patterns, indicators and targets that will mean something to traders and investors RIGHT NOW.

CURRENT MARKET CONDITIONS

ST  — No trading edge — $XBT futures still at $7100 set to reopen at 6 PM EST – very oversold could lead to signficant bounce — or faster drop thus no edge.  Here are ST charts to watch for ETH and STR that will prove useful in ST trading strategy — see BTC chart below for more.

ETH early 4 1str early 4 1

IT — edge to BEARS – — based on very weak moves up for high prob bullish set ups and this chart of crash lows not “in sync”

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LT — no trading edge — but with pattern failure of double top must assess LT trade strategy understanding we are still in a LT BULL MKT for BTC and key altcoins (doesn’t feel like it but we are….)

THE HOLY GRAIL PATTERN – Going to finish the job?

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TRADING STRATEGY FOR LT POSITIONS

As our upcoming post will show, LT bull market is still in tact (yes, even at a 70% drop from the highs).  However, for many reasons some traders may not want to hodl LT positions in current dangerous set up.

KEY TAKEAWAYS:

  1. As the Holy Grail Pattern chart shows there are lower targets so realize we can still see drops from here of 50% or more, however all technical indicators have been met for THE BOTTOM so we can reverse for big moves up at ANY TIME.                       read #1 again before moving on — by far most important key 
  2. If you reduce or exit LT positions it is with the intention of reentering at lower prices.   We know it would have been great to exit LT positions at 18000, 10000 and $7250 — but the charts did not (and still do not!) support exiting LT positions if you’re hodling for a year or more.  Just know it can be a dangerous game to exit LT positions as the market can take off to the upside at any time.  Highest prob for LT success is always to strategy that best fits your financial situation and that you can trade with confidence.   (This key is much more about YOU as a trader than anything fundamental to the markets. )
  3. We have high prob key targets for reentry trades If you’re truly in the trading/investing game for the LT you know the key targets on the way UP and DOWN (and UP again).

Do you have a clear trading plan for ST IT and LT that considers all of the above plus your personal indicators?  Now would be a great time to be sure you do….

More coming soon….

 

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.

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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.