BTC XBT ZEC early updates May 22, 2018 9:35 AM EST

NOTE:  Last week BTC and ZEC were keys to the market and it appears today is setting up with those two key cryptos offering important clues again.

We’re rushing to get these charts to you as ZEC is starting trading on Gemini exchange NOW — we’ll add additional updates as market action dictates but today is about as good a set up for bulls to reverse this drop as we’ve seen in quite some time — if they drop the ball — mod to high prob we’ll see prices below $8000 and $7250 comes back into play.

3 CHARTS — TODAY’S CLOSE IMPORTANT 2 KEY CRYPTOS TO WATCH

 

btc 5 22 earlyxbt early 5 21

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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 EOS ETH ZEC crypto market wrap Vol 13 issue 10 May 19, 2018 10:25 PM EST

NOTE:  We could share many charts that show the same pattern as of today’s close, specifically a bearish higher high reversal pattern that usually means more downside.  Considering today’s reversal happened one day after many large cryptos (BTC, ZEC and others) had a bullish reversal pattern today’s price action shows:

MIXED SIGNALS AND NO TRADING EDGE SHORT TERM

But the more important takeaway is we really can’t put too much faith in day to day patterns and indicators at this phase of the wave cycle.  We need to respect that the market continues to do all it can to shake out both bulls and bears before the next big move.

MORE IMPORTANT PATTERNS AND INDICATORS

So short term trading is basically gambling at this time and that needs to be factored in your trading strategies.  IT and LT are a different story but as the charts below show, we could see BIG MOVES either way before the market shows a real sustained move.

That said, based on many longer term patterns and indicators and understanding this can change once real moves start — we stand behind our prior updates that probabilities say:

IT and LT Edge is to the BULLS

However, for now, until we see a clear, confirmed breakout or breakdown, trade strategies need to consider much wider price ranges and tighter trailing stops and profit taking.

4 CHARTS — TIME IS NOW THE FOCUS

NOTE:  Best not to front run these patterns — some of these patterns could still take more time to fully form (restest, etc).  However, most are far enough along to have a BIG move at any time so have a clearly defined plan!

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ADDITIONAL NOTES ON ETH CHART :

  1. Patterns are more clear on the USD charts — ETH and other altcoins vs BTC are similar overall
  2. Other example altcoins with similar chart to ETH include: BCH, STR (XLM), DASH, LTC and multiple others.  Study individual charts to firm up your trade strategy but be sure to watch to see if all break down or create pattern failure together.

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NOTE: EOS and ZEC have more bullish charts than most altcoins and therefore add to the bullish case overall but BTC and ETH still support no trading edge short term.

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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 ZEC real time update May 18, 2018 2:15 AM EST

NOTE:  BTC closed below key $8400 and has already broken $8000 on most exchanges but has not see sharp drop you would expect from breaking key support levels YET.

Now we see ZEC showing a potentially very bullish pattern if we can see a bullish close.  In addition BTC (not shown) has already made a lower low today and reversed which would also be bullish (at least short term) if it can close green.  We’ll add that BTC closed lower yesterday on lower volume (again) — price says SELL but fewer are selling so far….

Maybe ZEC is going to move up strongly on it’s own?  We think there’s a higher prob ZEC will move with BTC which continues to define general crypto market directions and therefore ZEC is a good market indicator to watch over the 1-3 days at least.

Remember close is what matters and this is definitely a time to HONOR ALL STOP LOSSES without hesitation.  If we turn down from here mod/high prob we will see a fast drop towards $7250 BTC and back to $250 ZEC (full retrace of move up)

zec real time 5 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) 2018 JBP cons, inc.  All rights reserved.

BTC XBT BCH ZEC crypto market wrap Vol 13 issue 9 May 15, 2018 12:45 PM EST

NOTE:  ZEC has a very bullish chart at the moment.  Unless we see some sort of a huge volume crash (low to mod prob) ZEC is high prob to retest the current highs and the pattern targets are of course much higher.

So ZEC leads us to the following question — Is ZEC going to move higher while BTC and the rest of the crypto market tanks?  While there is very good news for ZEC, a big move up without BTC moving up as well would be unprecedented (at least for last 2 years).

On the other hand, they can crash the entire market to new lows INCLUDING ZEC and BTC — that we’ve seen before!

We think ZEC and BTC are good market indicators — the charts below show a few more.

GENERAL TRADE STRATEGY NOTES (also see yesterday’s post as BTC $8400 level still very much in play):

1.While they can take price wherever they want at any time — we’re staying with IT edge to bulls but the lack of follow through leaves ST slight edge to bears = STAY CAUTIOUS AND DEFENSIVE is highest prob for safety and profitability ST — there will be time to get aggressive when better pattern set ups emerge.

2. We scanned the smaller altcoin market cryptos that had very bullish charts — most are pulling back and threatening bearish moving average crosses — GNT, OX and DGB are examples.  We think the charts below mean more to the market than the small altcoins but we’re watching and will post updates as patterns emerge.

3. We’ve shared stop levels in prior posts and also encouraged trailing stops or taking some profits — NOTHING is going up and staying up– until it does — and we can’t just guess when they will be and trade safely.

3 CHARTS  – BCH ADDED TO “WATCH LIST”

BTC chart not show but if we close above yesterday’s low that would be a bullish lower low reversal pattern = more upside likely.  Same set up here for XBT but don’t rush to add to long BTC positions — plenty of bearish signs at the moment….

xbt market wrap 5 15ZEC market wrap 5 15bchbtc market wrap 5 15

 

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 ZEC crypto market wrap Vol 13 Issue 8 May 14, 2018 1:00 AM EST

NOTE:  We got the strong move up patterns called for.  Yesterday’s BTC update and trading strategy is right on target and can still be used for defining trades (can be adjusted for most large altcoins as well)

We’re adding an updated chart of ZEC because of the strong bullish move today — we think it’s a great example of seeing bullish signs (as we posted a week ago) but the trade not working out AT THAT TIME — reentry trades can be very safe and very profitable-could have reentered at various points AFTER the big move with a variety of SAFE high prob trading strategies –so if you like the bullish case for a crypto — keep studying and find another safe entry — no one bats 100% in trading.

As for the crypto market — charts tell the story but we’ll add that there are multiple signs of increasing volatility so we think it’s important that we see some follow through for BTC and key altcoins.  If the bulls drop the ball here we expect to become MUCH more defensive in our trailing stops and trading strategy.  Stay alert and STAY SAFE — high prob big moves are coming (bigger than today) and profits are never guaranteed.

2 CHARTS — The two key cryptos going into tomorrow

Trading strategy tip — $8400 continues to be a key price level for $BTC — can be useful in a variety of trades, position mgmt, etc  (using closing price if at all possible)

xbt market wrap 5 14zec market wrap 5 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.

BTC ETH EOS ZEC crypto market wrap vol 13 Issue 1 May 1, 2018 9:10 PM EST

NOTE:  The range is tightening of patterns for key cryptos — and just to make it more interesting, BTC closed bearish, while EOS and ETH closed bullish (see charts below) — does that mean altcoins are heading higher while BTC drops?  History tells us that’s low probability.

To keep it simple, we’re waiting for a breakout or a breakdown of many bullish patterns that are right at key levels — and we’ve shared a strong two strong examples with ZEC and DGB charts below (there are many more-see prior posts-or write us with questions!)  but, in the end we think focusing on the BIG 3 BTC ETH and EOS will tell the story.

AND we just can’t give a clear trading edge to the bulls (though there’s a strong case) becasue we still don’t think it’s smart to bet against THE KING BTC.

Wouldn’t be too quick to buy or sell here — first big moves can often be headfakes — but would DEFINITELY pay attention– big moves are once again coming.

5 CHARTS – SETTING UP FOR BIG MOVES

note:  XBT Futures closed red with slightly higher volume — did not change set up from yesterday’s post (chart added again below) but does add to the bearish case

btc market wrap 5 1xbt 4 30 market wrapethbtc market wrap 5 1dgb market wrap 5 1

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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 LTC XMR ZEC crypto market early updates 4 18 18 9:45 AM EST

NOTE:  tl:dr

ROTATION price action continues but large alts now appear to be getting in the game — BTC futures say we need some strong upside SOON or we’ll see another pullback (or worse).

Charts and all the details below:

Once again yesterday we saw a sharp drop that did not follow through to lower prices, and now BTC has recovered to prices above $8000 with altcoins continuing to look bullish– at least short term.  XBT futures chart below shows THEY continue to play games and time for this move up (for BTC at least) is running short.

One change we’re seeing in price action today is more bullish behavior among the larger altcoins (joining STR which we shared as bullish days ago), which could create SAFE trade opportunities.  We show you the set up for ZEC below but there are other large altcoins with the same set up – here are 3 examples:

  • BCH
  • DASH
  • XRP

So similar trade set ups could be applied — any questions write us at cryptopatterns@gmail.com

One coin that is NOT showing the same bullish set up is LTC (chart not shown) that was more bullish yesterday but is lagging today — we don’t see this as a red flag for LTC but rather think this supports the current “ROTATION” in and out of cryptos.

SEE BTC and LARGE ALTCOIN CHARTS BELOW 

SMALL ALTCOINS — SAFE TRADING STILL APPLIES!

One of the many small altcoins we’ve shared as tradeable has a particularly bullish set up today LBC  which has broken out with volume and is on DAY 2 of a lower low reversal pattern which is moderate to high prob for more upside:

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Of course, if you didn’t enter LBC when we mentioned it days ago you can enter a safe trade now, but there’s a bigger message to keep in mind:

Most of the small altcoins we’ve covered in recent posts are higher (some way higher like GNT), but every day for the last several days certain altcoins are spiking much higher.

It’s easy to want to chase the BIG movers, (or get frustrated when your current trades are up “only 5%”!!) but we encourage you to stick to good fundamentals of finding a clear bullish set up with a tradeable pattern and ideally, some sort of trade history to increase probabilities of hitting targets.

The last 3 months should have also proven to you that LOWERING EXPECTATIONS FOR RETURNS ON EACH TRADE is also an excellent trade strategy!  

THEY want you to chase — it rarely ends profitably — The takeaway is to DEFINE YOUR TRADES — do your homework and only enter (and exit) trades where you have 100% confidence — that’s far more profitable for safe profitable trading long term.

3 MORE CHARTS — TIME FOR THE BIG ALTS TO MOVE UP?  Looks like breakouts but CLOSE IS WHAT MATTERS

(so consider waiting for trades entries or scale in additions till close 8 PM EST)

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NOTE: As always — keep an eye on XMR — a strong move up could be a leading indicator for much bigger moves for large alts and possibly entire crypto market — OR NOT.

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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.

BTC BCH LTC XLM XRP ZEC real time update 2 3 18 10:50 AM EST

NOTE:  As stated in early updates — the current trade set up doesn’t depend on the bottom being to make money.   HOWEVER, if we see consistent confirmation of a new bullish wave, we can go a little slower in taking profits or use a bit wider trailing stops.

So here is our analysis from 1/19 that detailed the case for a new bullish wave — you can study this and add the BTC chart from today (included again below) to help you decide how you want to play any ST/IT trades you may choose to make before we find out exactly what’s going on right now:

Protected: BTC XBT ETC STR XLM crypto market early updates 1 19 18 10:20 AM EST

password remaincalm

THE CURRENT BULLISH PATTERN TRADE – SOME BREAKOUTS ALREADY BUT NOT A SURE THING….

Here’s a brief checklist about the current bullish pattern to watch for that are consistent with a new bullish WAVE 1:

  1. The bullish pattern is on every key crypto’s chart (see early updates and 5 new charts below) — we’ve shown you before that “in sync” means something — at the least it usually means stronger moves.    CHECK
  2. Wave 1’s are not necessarily powerful, they are designed to keep you scared, so while they often start with a strong move to keep you waiting for a pullback to enter, they will not usually skyrocket straight up to targets.  That said price action should be bullish overall with the trend moving up.
  3. If you see steep drops without reasonably fast recovery that’s a red flag that we are not seeing a bullish move but rather a headfake
  4. Wave 1’s are almost always retraced — so even if we take off here, it’s mod to high prob we’ll come back and revisit 50-100% of the bullish move for WAVE 2 before th emost powerful WAVE 3 –so now is not the time for FOMO IT.

and most importantly

5.  Patterns meet their targets — this one can take awhile but we are lucky we have clear stop loss ranges for BTC ($9150) and key altcoins (ETH $1000) that can allow us to trade SAFELY no matter what kind of move this is.

6 CHARTS — Either a spectacular headfake or bulls are trying to take the ball back…should know soon…

BCH real time 2 3btc early 2 3LTC real time 2 3STR real time 2 3XRP real time 2 3ZEC real time 2 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.

BTC DASH ZEC crypto market wrap Vol 9 Issue 5 1 25 18 7:15 PM EST

NOTE:  We may keep grinding around frustrating bulls and bears, but today’s close offers some very interesting patterns and indicators and a unique SAFE trading opportunity NOW.

First and most importantly, BTC is always key and is a RED FLAG — BTC closed slightly red below yesterday’s high (with lower volume)   — that is a higher high reversal which is usually bearish and indicates more downside.

ETH is even a bigger red flag as it closed red with a bearish higher high reversal pattern with HIGHER volume….

The XBT Futures did  the same thing but closed GREEN (less bearish than a red reversal)

BUT, an intriguing TRADEABLE bullish case has emerged:

STR/XLM had another bullish day closing above yesterday’s high with similar volume as yesterday.  Higher prices are  still high prob for STR/XLM — STEEM also confirmed its bullish move with a close above yesterday’s high.  That sort of  strength is  rarely seen in a altcoins when BTC  closes bearish.

Also very importantly, DASH, who we covered this morning closed BULLISH — we know DASH is a powerful indicator for the bullish case…AND if you’re not intrigued yet we’ll add

ZEC closed green with a bearish reversal pattern but has already gone higher as we write this post!  Charts for DASH and ZEC below….

What  does all that  mean?  A SAFE TRADE OPPORTUNITY — see details below

 

 

TRADING STRATEGY

Today’s close presents a unique opportunity to enter a SAFE trade using a price below yesterday’s low as a conservative stop loss range.  Moderate and aggressive stop losses can be considered as well — see prior posts for ranges for your favorite crypto — write us at cryptopatterns@gmail.com with any questions

The upside is significant, especially if we see a high volume day, and our BTC ROADMAP is still right on track — so as long as it fits your trading strategy and you accept the risk that you ABSOLUTELY can lose money (you don’t need to go all in– trade an amount where you can trade with confidence -that’s how you improve!)

— a SAFE ST/IT trade is on the table — your call….

3 CHARTS — THE BULLISH CASE READY TO CONFIRM?  (STR and STEEM not shown–bullish close — see daily charts for details)

BTC mkt wrap 1 25DASH mkt wrap 1 25ZEC market wrap 1 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.