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….
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.