BTC XBT EOS crypto market early updates June 10, 2018 10 AM EST

NOTE:  The current market set up brings up several concepts we often repeat:

  1. Part of a good ST/IT trade strategy should consider market “character”
  2. Bullish patterns fail in bear markets
  3. Close is what matters                          and of course
  4. They can take price wherever they want AT ANY TIME

#1 is the one we’re focused on right now — The crypto market is showing a completely different price action and volume character than in the past — as we’ve noted you’ve got zillions of new huge investors and traders now trading crypto but lately volumes are much LOWER?  A huge move that gets social media all worked up is BTC $7500 down to $7250?  No daily altcoin up 50% or more moon shot?

What does this change of market character mean?  Long term subs know our answer — it means SOMETHING — and at the least it should make traders more conservative and defensive.   Which leads to one more concept we are dusting off that we used to say all the time (until we got the answer probabiltiies said we would last december/january)

ARE WE IN A LONG TERM BULL MARKET FOR CRYPTOS OR NOT?

If you study the current long term charts — click on link for LONG TERM ANALYSIS our JUNE CHARTBOOK we shared last week and if you read the latest news — for BTC and most key altcoins the answer is YES.

But just like twitter took over a year to meet our pattern targets around $40 (we posted update last week–see Stocks link) — THEY have endless money and can play games for longer than you can imagine — and even then higher prices are NEVER guaranteed.

BOTTOM LINE TAKEAWAY?  Of course it’s another trading concept we say more than often than any other

STAY SAFE — THIS WILL ALLOW YOU TO STAY IN THE GAME (profitably per current patterns!)

Current Market Conditions

The patterns are still very bullish for EOS at least IT/LT, but the only chart worth really watching is BTC — while they have changed the market character for price and volume action, one thing is still crystal clear:

BTC is THE KING and the market still moves with it — until it doesn’t.

4 CHARTS — 3 BTC/XBT and EOS — Watch them no matter what you trade/hodl.

NOTE: the two XBT charts are from recent posts and still in play

btc early 6 10xbt early 6 8

NOTE: Daily XBT indicator is not nearly as oversold as weekly (closer to overbought!) so could see strong drop before reversal — this supports honoring stop loss ranges — defining intraday stops and watching for reentry set ups.

xbt early 6 7

EOS early 6 10

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

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BTC XBT EOS real time update June 7, 2018 8:30 PM EST

NOTE: XBT held (hedled 🙂 it’s gap (chart shown again from early below) so that is a bullish sign.  Add to that a bullish divergence on EOSUSD and SAFE trade opportunities and well, here we are….

If EOS fits your trade strategy and you want a good risk/return trade — now would be the time (but to be clear — this is not a trade to build a position and hodl) probabilities say just get out if we fall below $12.50 USD on Kraken if you can’t do that this is not the trade for you.

HOWEVER– if you’ve had a computer on for the last 2 months you know that THEY are manipulating the hell of this market so if you’re not ready to lose a defined amount of money for ST trade – then sidelines is a fine place to be — OR JUST STAY SMALL — practice real world trading!!  Of course there’s always another bus so you can always enter later if we show a confirmed bullish move….

xbt early 6 7

EOS real time update 6 7

 

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 TOP 10 ALTCOINS CRYPTO MARKET LONG-TERM ANALYSIS JUNE 2018

CRYPTO MARKET LONG TERM TRADING ANALYSIS

As promised, we’re excited to share our exclusive comprehensive long-term outlook for BTC, and the most important altcoins in the cryptocurrency market.

This analysis was prepared by experienced traders and investment professionals with over 40 YEARS trading experience in all types of markets (over 2 years in crypto).

We plan to make this a regular feature for cryptopatterns newsletter subscribers PLUS we will EXCLUSIVELY follow up with q and a and additional analysis for our subscribers that will never be shared at any other source. 

Just write us at cryptopatterns@gmail.com

And we have more improvements and resources to offer our subscriber soon.

It’s all about our mission to keep our subscribers SAFE and PROFITABLE

We hope you find this information useful and really appreciate your loyalty as a subscriber

cryptopatterns

Also See Trading Notes at the end of this analysis:  

THE CHARTS: LONG TERM OUTLOOK FOR THE CRYPTO MARKET AS OF MAY 2016 (charts include data up through June 6)

 

cryptopatterns logo

CRYPTOPATTERNS JUNE CHARTBOOK

LONG TERM OUTLOOK FOR THE CRYPTO MARKET

NOTE:  Because Bitcoin continues to have such a powerful influence on market direction and current long-term patterns are still showing a bullish direction, all altcoin analysis will be done vs BTC unless otherwise noted.  Additional analysis vs USD/USDT is advised for all cryptos traded as USD/USDT charts offer different patterns and clues and should be reviewed as part of a comprehensive trading strategy.

BITCOIN

Ticker SymbolsBTC, XBT (bitcoin futures).  Note that XBT is also used on certain exchanges for Bitcoin (same as BTC).

Market Cap Rank –  #1 

Long-term Outlook From Prior Post – Bullish

Current Long-term Outlook – More Bullish than a month ago overall but not as bullish vs multiple key altcoins.

AnalysisWeekly Chart on XBT Futures shows indicator very oversold, setting up for at least a significant bounce in the intermediate term, though price can drop to test $5000 level before that bounce occurs.  Current set up indicates moderate probability that $7250 will hodl and we’ll see bounce from that level.  Monthly chart continues to support bullish wave pattern and all time highs being retested in the long term time horizon (think months at least until we see confirmed breakout over $12000.)

xbt weekly early 6 4btc monthly 6 4

ETHEREUM

Ticker Symbol – ETH

Market Cap Rank – #2 

Long-term Outlook From Prior Post – Bullish overall but Bearish relative to BTC

Current Long-term Outlook Far more bullish than a month ago. 

Analysis – Breakout of current weekly pattern could make ETH more bullish than BTC.   Breakdown of this pattern could lead to significantly lower prices. Current monthly chart shows mixed signals and uncertainty.  Key support and resistance levels should be watched very closely.  Patterns and news about EOS are likely to play a major role in ETH’s price and volume action in the coming weeks and months.

ETHBTC weekly 6 5eth monthly 6 5

 RIPPLE

Ticker Symbol – XRP

Market Cap Rank – #3 

Long-term Outlook From Prior Post – Bullish overall but Bearish relative to BTC

Current Long-term Outlook – Still bullish but lagging other large altcoins and growing red flags.

Analysis – Because of its relatively low price, XRP has always been more volatile than other large altcoins.  Traders should expect more “head fakes” and broken patterns that could require smaller positions or “reentry trades” for intermediate and long term positions.  Because of differences between XRP and BTC patterns, it’s important to watch long term charts to verify wave count as crypto market moves through upcoming waves.

XRP weekly 6 5XRP monthly 6 5

BITCOIN CASH

Ticker Symbol(s) – BCH, BCC

Market Cap Rank – #4 

Long-term Outlook From Prior Post – First long term analysis

Current Long-term Outlook – Bullish vs Bitcoin

Analysis – BCH has generally bullish signs on long-term time frames with minimal red flags.  Low recent volume makes all indicators a bit less reliable but the lower volume is market wide and not exclusive to BCH.  If BCH doesn’t break out of pattern towards bull targets soon (weeks), probabilities favor a drop to test the lower support of bull flag pattern which would give a short/intermediate term edge to BTC over BCH but would not change the LT overall bull outlook for BCH.

BCHBTC weekly 6 5bch monthly 6 5

EOS

Ticker Symbol – EOS

Market Cap Rank – #5 

Long-term Outlook From Prior Post – First long term analysis

Current Long-term Outlook – Bullish vs Bitcoin

Analysis – Charts show market expectations for EOS potential.  We’re now at a critical time for EOS where news meets charts.  Mainnet went live on June 1, sort of, and has created confusion and uncertainty.  While there is a case to be made for strong upside for EOS intermediate-term and long-term, sometimes the lower probability path wins and problems with EOS mainnet could turn charts bearish very quickly.  In any case, EOS is now in a high risk phase of its wave cycle, so expect increased volatility and challenging trade set ups until EOS real world use is proven to be on track (or not).

EOSBTC weekly 6 6EOS monthly 6 6

LITECOIN

Ticker Symbol – LTC

Market Cap Rank – #6 

Long-term Outlook From Prior Post – First long term analysis

Current Long-term Outlook – Bullish vs BTC but see analysis below for caveat

Analysis – Volume has dropped off drastically in 2018, so any decisions based on recent bars warrants increased caution.  Upside targets can be found significantly higher, but we are staying with the opinion that the highest probability pattern scenario has LTC/USD testing most recent crash lows ($100 range) before it will test all time highs.  Note that almost all the volume for LTC has been below current price levels, which does not support the most bullish path.

LTC weekly 6 5

LTC monthly 6 5

STELLAR LUMENS

Ticker Symbol – STR, XLM

Market Cap Rank – #7

Long-term Outlook From Prior Post – First long term analysis

Current Long-term Outlook – Bullish vs BTC

Analysis – Mini bull flag that started in late March sits inside the larger bull flag indicated on the weekly chart below which started in November of 2017.  Relative volume is lower on the pullback in both cases, so there is a moderate to high probability of bullish pattern confirming (breakout).  As always, keep a sharp eye on the volume if XLM moves to retest the highs of the flags.  Decent support can be expected at the round number .00003000.  Also worth paying attention to price and volume action compared to Ripple (XRP) which has had a very strong correlation since XLM began trading but now some subtle differences in long-term patterns have emerged.

xlm weekly 6 5xlm monthly 6 5

CARDANO

Ticker Symbol – ADA

Market Cap Rank – #8 

Long-term Outlook From Prior Post – First long term analysis

Current Long-term Outlook – Bullish vs BTC

Analysis – Recent bull flag shows potential for a move higher as volume fell on the retracement and we saw a larger volume green bar on the last bar of the month.  Target on this bull flag is in the .000060 range and much higher targets can be derived from the longer term bull flag which started in December on 2017.  The larger pattern is still valid, despite the roughly 75% retracement from January to March.  Bullish path would expect to see a strong move with high volume through the top of the current bull flag around .000040 in order to make pattern targets moderate to high probability.  Note that most of the volume bars on up days are larger than on down days, regardless of time frame, which is a bullish indicator.

ADA WEEKLY 6 7

ADA monthly 6 7

IOTA

Ticker Symbol – IOTA

Market Cap Rank – #9 

Long-term Outlook From Prior Post – First long term analysis

Current Long-term Outlook – Bullish vs BTC

Analysis – Another crypto which had minimal volume during the early 2018 decline when apparently no one was willing to buy anything at any price while crypto prices were tumbling.  Volume has now increased slightly as IOTA has recouped some of its losses, but a better indicator of new all time highs long-term would be a strong increase in volume if and when we test current highs confirming buyers are willing to step in and take price higher vs BTC.

iota weekly 6 18IOTA monthly 6 18

 

TRON

Ticker Symbol – TRX

Market Cap Rank – #10 

Long-term Outlook From Prior Post – First long term analysis

Current Long-term Outlook – Neutral vs BTC

Analysis – Tron is one of the most controversial among the larger cap Altcoins and trades for a very low price, so expect continued volatility around this name.  The launch of their mainnet will likely add to the volatility, similar to EOS.  The patterns for TRX suggest we could go either way – and could move a great distance in either direction, with support levels not proven due to Tron’s short history, so a fast drop could fall a long way if it comes with high volume.  Traders need to take this into account when determining position size in Tron.

trx weekly 6 6trx monthly 6 6

 

…AND A COUPLE OUTSIDE THE TOP 10 WE’RE WATCHING

 

VECHAIN

Ticker Symbol – VEN

Market Cap Rank – #16

Long-term Outlook From Prior Post – First long term analysis

Current Long-term Outlook – Bullish vs BTC

Analysis – VEN has a very bullish chart and is getting a lot of social media buzz due to its recently issued a new white paper and roadmap.  Price is right at breakout levels on weekly chart which offers a test of the current strength in the coming weeks.  It’s important to see strong volume If we breakout to maintain a high probability of reaching the high targets patterns call for. Now that VEN has more history behind it watch to see if it can maintain the impressive strength vs BTC it has shown so far, or if that’s simply short term traders trying to make fast money on another big bull move.

ven weekly 6 6ven monthly 6 6

 

MAIDSAFE COIN

Ticker Symbol – MAID

Market Cap Rank – #70

Long-term Outlook From Prior Post – First long term analysis

Current Long-term Outlook – Bullish vs BTC

Analysis – MAID is showing multiple bullish patterns on multiple time frames, however, as the long-term charts below show, the bullishness is a very recent development as MAID has been all but forgotten in the ICO craze.  Because of the smaller market cap and low volumes, MAID needs to prove its bullishness by breaking out with convincing volume AND meeting or exceeding targets or it will be higher probability for you to look to other, more proven bullish altcoins with similar high probability set ups.  It’s also worth nothing that the only major exchange MAID currently trades on is Poloniex, so watch for a possible “new exchange bump” at some point in the coming weeks or months for MAID if their new and improved platform stands up to testing and market scrutiny.

maid weekly 6 6maid monthly 6 6

IMPORTANT TRADING NOTES:

  • 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!)
  • 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.
  • 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.
  • Click on the LONG TERM CRYPTO ANALYSIS POSTS for prior updates

 

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 BCH XBT crypto market early updates June 7, 2018 9:15 AM EST

NOTE:   Keeping early post short because subs will be seeing a 2nd post in the next hour or two with

CRYPTOPATTERNS JUNE CHARTBOOK

LONG TERM OUTLOOK FOR THE CRYPTO MARKET

This report features updates on BTC and the TOP 9 market cap altcoins plus 2 altcoins “we’re watching”.  We plan to make the Cryptopatterns Chartbook a regular feature of our newsletter so we sincerely hope you find the information useful (speaking personally we do!).

CURRENT MARKET CONDITIONS

Two things we’re watching in today’s price action:

  1. BITCOIN and XBT FUTURES (chart below): 

Price has moved up from the key $7250 level and is showing bullish signs.

 2. ALTCOINS NOT SHOWING RELATIVE STRENGTH TO BTC VERY SHORT TERM

We’re not seeing ST bullish altcoins like BCH (chart from earlier this week shown again for reference) moving up with strength compared to BTC — they don’t need to move up more than BTC every day — the patterns and targets are what matters but BTC UP ALTCOINS UP is a key relationship and we’re always watching for market changes so let’s see if altcoins can match BTC (if BTC moves up) by the close today.

2 CHARTS — USING THE XBT GAPS TO GUAGE MARKET MOMENTUM

xbt early 6 7

 

bch video 6 5

 

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 BCH crypto market early updates June 6, 2018 8:50 AM EST

NOTE:  LONG TERM CHART UPDATE — WILL BE POSTING TODAY OR TOMORROW – hope you find it helpful.

CURRENT MARKET CONDITIONS — PLEASE READ

Most traders don’t realize what a big deal yesterday was, at least according to patterns.

Patterns say if we had not seen the bullish reversal pattern we called for yesterday, it would have become HIGH PROB we break $7250 and mod to high prob we test (and break) the current lows at $6000 range.

Not out of the woods just yet

Today is “follow through” day where bull path calls for higher prices and ideally higher volume — if either or both fail, that will end the edge for bulls at least ST and put $7250 and lower prices back in play.

As we said yesterday – This is where the money is made (or lost)

But it’s not all bearish — in fact the clear set up offers some excellent SAFE trade opportunities with significant upside– but you must be ready to exit those trades if stop ranges are hit in order to STAY SAFE — definitely not a time to be flexible.

Tons of charts and set ups in recent prior posts — check them out

2 CHARTS — FOLLOW THROUGH DAY?

NOTE: We’re showing set up for BTCBCH from yesterday’s chart — closed higher with HIGHER volume (note BTC closed with lower vol) = bullish set up on track so far for BCH, BTC mixed signals….

btc early 6 6

bch video 6 5

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 DASH ETH NEO DASH crypto market early updates May 5, 2018 9:55 AM EST

NOTE: LONG TERM CHARTS UPDATE:  COMING NEXT DAY OR TWO — will include LT outlooks for top 10 cryptos and more — we may share a few ahead of time on our daily posts but are hoping to send a complete post for your review.

CURRENT MARKET CONDITIONS

BOTTOM LINE — we’ve already seen lower prices today consistent with patterns, now we are set up today for a bullish reversal that will keep edge with BULLS and make $81XX target mod/high prob ST — if we close below yesterday’s low, edge will then be with BEARS and test of $7250, and even a break of $7000 becomes mod/high prob.

MULTIPLE CHARTS  THIS IS WHERE THE MONEY IS MADE (AND LOST)

NOTE: whatever happens ST, a strong trade strategy could lead to significant profits ST/IT — prior posts cover MANY altcoins worth studying — we’ll keep adding more to help identify the highest prob SAFE trade opportunities.

dash usdt early 6 5ETHBTC

neobtc early 6 5

xbt early 6 5XMR early 6 5

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 EOS OMG GNT crypto market early updates June 2, 2018 10:45 AM EST

NOTE:  Welcome to June!  We have some improvements for subs headed your way — a new website and more content — you’ll be receiving info via email soon — please share your feedback, we want cryptopatterns to be as helpful as possible!

PLUS — LT charts are coming — we think you’ll find them useful — sneak preview — they support the LT bullish case for EOS and BTC (though use ST charts for ST/IT trades!) 

FOR TODAY:  We want to share updated charts on EOS and BTC but we’ll also include several charts from the last week or so that are still very much in play.  Here’s a summary then the charts:

  1. BTC — We’re on track to fill that gap on XBT we shared 2 days ago SO FAR….
  2. EOS — We’ve shared bullish patterns for some time — bulls have the ball….
  3. GNT — Bullish set up still bullish….
  4. OMG — Good name for the upside here — now showing bullish signs
  5. MAID — Stubborn bullish behavior — trades still valid, but time running out…
  6. STR/XLM — not shown but see prior posts — patterns bullish….

MULTIPLE CHARTS — BULLS HAVE THE BALL

btc early updates 6 2eos early updates 6 2xbt 5 31 market wrapgnt market wrap 5 30omgbtc 5 29maid 5 27

 

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