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Welcome to the cryptopatterns newsletter.  Since 2016, we’ve offered daily (sometimes more) trading and market updates to inform and education cryptocurrency traders and investors to help you stay SAFE and PROFITABLE.  In addition to helping our many subscribers and followers, you might have seen our analysis recently quoted in major publications like FORBES most recently HERE .

We’re growing and improving our site so please go to  cryptopatterns new site / free chartbook  .   You’ll get an idea of our services and where we’re headed and of course you’ll receive our FREE June Chartbook!

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cryptopatterns chartbooks offer detailed analysis of Bitcoin and the 9 Largest Altcoins along with 2 altcoins “we’re watching.

The June Chartbook is free with no cost or obligation — it’s our way of showing you that cryptopatterns is different. We’re committed to helping traders succeed over the long haul with info you can use now and in the future.  Thanks for your interest and we hope you find our services helpful.

If you have any questions don’t hesitate to write us at cryptopatterns@gmail.com

 

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BTC XBT ETH crypto market early updates June 20 2018 10:00 AM EST

NOTE: Patterns shared over the last several day’s updates are all on track and still in play.

Now we have BTC recovering well from spike down right after close yesterday on what looks like it will be higher volume on XBT so close today could be a strong indicator BTC is ready to test key $7250 range.

Reread that — BTC is ready to move up.   Altcoins have not proven they are going to move with BTC yet and that’s a major red flag.

Hopefully we’re just paranoid (as all good SAFE traders should be) and altcoins explode higher — as the ETH chart we prepared yesterday shows — ETH and other key altcoins were a good tell that the move down for BTC was a headfake ($6450 key level was also helpful to “stay in the trade” or add).

But as the biggest gain chart below shows — the major altcoins are nowhere to be seen vs BTC so far today — If you’re new to crypto — just know

BTC UP ALTCOINS DOWN has happened before — and it can be deadly and we need to stay alert for it.

We’ll be watching and updating as needed.

3 CHARTS — ALTCOINS GETTING HAMMERED VS BTC?

large altcoins 6 20 earlyeth market wrap 6 19

showing yesterday’s XBT chart for reference — looking like strong reversal with volume so far today but of course CLOSE IS WHAT MATTERS.

xbt early 6 19

 

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.

ETH Ethereum Real Time Update 6 18 12:55 PM EST

NOTE:  As indicated in early updates, the bullish signs were growing and the bears were running out of timne. Now we have a strong move up for BTC and XBT with high volume.  We’ve been watching ETHUSD for some time and this could be the payoff — ETHUSD indicates this move is has the potential to be a high prob “real” move as chart below details.

Rest of large crypto market moved up with BTC and ETH — so SAFE trade strategy can be adapted to charts you feel are most bullish — be sure to honor stops on ST trades– if this fails we’ll again be at risk of new 2018 lows…

Don’t get too bullish as little has worked for bulls lately —  BUT– there is a ST SAFE trade opportunity if it fits your trading strategy

eth real time udpate 6 18

 

 

 

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.

BTC XBT ETH crypto market early updates June 18, 2018 10:20 AM EST

NOTE:  For a market that continues to move in sync, we now have a set up where BTC and the largest altcoin ETH are now sending the same message — As the charts below show that message is

EDGE TO BEARS

That’s what the probabilities say but we say “prove it”.  Why?

Here are a few additional points to consider:

  1. The entire move down from 10,000 is on low relative volume — not exactly BTC hodlers “rushing for the exits” which is what BTC’s volume pattern has looked like in prior crashes.  That could change with a drop below the key $5000 level, but so far we’ve traded between $6000 and $10000 for months…
  2. The current pattern (pennant) is called a “continuation pattern”.  The highest prob path is to confirm quickly.  As of now we’re just seeing a tighter and tighter pennant (triangle) form.  If bears are still in control, they should take this down with volume soon.
  3. Indicators are starting to favor the bulls –– bears are running out of TIME — this would mean at least a bounce with a high prob test of $7250 if bears can’t tank the market.

AND PERHAPS MOST IMPORTANTLY — A NEW CONSIDERATION

4.  SUMMER TRADING   If we’re seeing wall street and hedge fund trading patterns entering the crypto market (XBT futures say we are), the summer trading pattern is generally much lower volume with a lot of headfakes and very little real movememt over time.    September and particularly OCTOBER are the months where volume and REAL big moves resume.

Guess THEY like to take the kids out in their yachts and lambos during summer break….

It’s too early to tell if “summer trading patterns” are what’s going in crypto right now but at least keep it in mind because they can take price all over the place at any time.  Even moves breaking key levels doesn’t necessarily mean they’re confirmed tradeable moves.

2 CHARTS — THE BIG 2 SAY BEARS HAVE THE BALL – BUT TIME RUNNING OUT

NOTE:  We reviewed the XBT futures chart and it currently does not add anything new to the following update — of course we’ll keep watching…..

btc early 6 18eth early 6 18

 

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.

BTC XBT ETH crypto market early updates June 15, 2018 9:30 EST

NOTE:  The line in the sand continues to be $6450 BTC.    We broke it 2 days ago but recovered with a solid up day yesterday (could not “follow through” with lower prices).

Now we have a chance for a BULLISH follow through which would high prob lead to a test of key $7250 level, but if we close below $6450 the edge returns to the bears as they get the ball back for another chance to follow through and test the 2018 lows.

CURRENT MARKET CONDITIONS

Charts below show the current set up for both BTC and altcoins (ETH chart good representation).

2 CHARTS — TUG OF WAR

TAKEAWAYS:

ST NO TRADING EDGE

IT SLIGHT EDGE TO BULLS (would only use SCALING trades as prices can go much lower

LT EDGE TO BULLS

NOTE:  BTC chart (not shown) same set up as XBT daily chart shown here.

xbt early june 15

eth early 6 15

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.

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.

btc weekly update 6 14

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.

BTC XBT EOS ONT early updates June 12, 2018 9:20 AM EST

NOTE:  Price action still supports a focus on BTC as market continues to move in response to BTC.

Short Term/ Intermediate Term trading – Sidelines is a fine place to be but the fact remains there are very clearly defines stop ranges that can be used as entries with very low risk — just know the probabiltiies for any ST/IT trade are moderate probability at best.  Chart below shows VERY current set up.

Long Term — We still have weekly futures chart at bottom of oversold channel — this will move up at some point and is support for AT LEAST the LT bullish case for BTC.

OTHER FACTORS (not as important as BTC chart)

MAJOR ALTCOINS — Moving with BTC though EOS continues to hodl bullish pattern shown yesterday — if that breaks down and closes under $10 range = fiat for EOS and likely altcoin market ST and possibly IT is safest place to be until we see a new bullish set up.

NEWER ALTCOINS — In response to a special chart request, we show the chart basics of ONT below which is a recent ICO through the NEO platform and has had a very bullish chart (different from most large altcoins) —  as you can see there are a number of red flags that say ONT can be traded safely using the channel shown, but highest prob would be to wait for a confirmed breakout with higher volume.

4 CHARTS — DEFINE ALL TRADES — VERY HIGH RISK SET UP IF WE BREAK SUPPORT

NOTE:  BTC chart should start by saying — BTC did not make a “higher high” so far today…. Also note bull case needs to see price above $7000 (ideally $7250) today or probabilities become high prob for bears and stops should be tightended or ST/IT positions should be reduced/scaled out.

btc early 6 13xbt weekly early 6 4EOS EARLY 6 11ONT early video 6 13

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.