BTC STR XLM XRP early updates 1 6 18 11:15 AM EST

NOTE: Charts have extra notes above each one — please read them —

Yesterday’s price action went almost exactly how patterns indicated it would — the safe strategy was without a doubt to get defensive and protect your hard earned profits.

However

Some mixed signals emerged at the close yesterday (STR/XLM most notably) that COULD leave you on the sidelines for some big gains in your ST/IT positions that you moved to cash.  On the other hand many other altcoins that were very bullish did not close bullish (XEM for example) so will STR/XLM’s pattern fail and down we go?

And what about BTC — see the chart below – -we’re still well in those channels — nothing is decided and trust us– it’s not because of Segwit of scaling issues for BTC — THEY are figuring out how to make the most money — and they plan to make it from YOU.

We’ll boil what is already a tl:dr post down to a few key takeaways

  • There is ALWAYS a bullish AND bearish case –  too many traders and sadly, gurus only want to focus on the bullish patterns and targets, or call for crashes.  The current market keeps showing amazing patterns then more often than not disappointing.  That means SOMETHING — and BTC’s holy grail pattern says it’s high prob it means something BIG – we need to prepare for anything and everything….

We say it often, but we can’t think of a time it’s been more important:

  • There’s ALWAYS another bus to catch.  The sidelines is a good place to THINK and PLAN — You got out of XRP yesterday?  There’s a SAFE trade opportunity to get back in today.  You passed on our high prob SC trade we shared (why?) — no worries — another bus is available.
  • Focus on trading SAFELY and profitably instead of trying to make every dollar you possibly can and you have a real shot at long term success investing/trading.

6 CHARTS – could show 100 today each with a story to tell — but these are good focal points no matter what you’re trading/investing 

BTC chart from yesterday–still valid–will only add closed higher with higher volume so today is follow through day and close could be important–we’ll update of course….

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NOTE: XRP chart from yesterday — reread that note–the green close 2 days ago with high volume adds to the bullish case and when added to the STR/XLM chart gives a SLIGHT edge to bulls–at least for XRP and STR

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NOTE:  we thought about showing LTC chart as price broke out of bullish flag pattern twice with target 315 range –but it pulled back both times = means SOMETHING that’s worth remembering for all large altcoins  – meanwhile ZEC just keeps grinding upward…..

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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) 2017 JBP cons, inc.  All rights reserved.

BTC ZEC OMG FCT Real Time Update 12 17 17 1:45 PM EST

NOTE: We prepared these charts an hour or two ago and held off sharing to see how things moved relative to BTC….

While it’s still unclear how Altcoins will move if BTC drops further these charts have proven accurate and offer trade set ups so we’ll let you review them and decide how they might fit into your trading strategy–just keep in mind that drops in a market like this happen quickly and steeply so please use clear stop loss ranges.

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Here’s yesterday’s OMG chart again–update below:

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ZEC’s going to $750 while BTC drops to test moving averages?  Trade this one carefully…..or if BTC skyrockets along with ZEC maybe you can be a bit more agressive with a tighter stop……(must use a stop range on these trades–projected moves this big buy and hodl large positions not safe!)

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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) 2017 JBP cons, inc.  All rights reserved.

BTC BCH DASH ETH XMR XRP ZEC crypto market wrap vol 7 issue 10 12 14 17 3:45 PM EST

NOTE:  Several charts below assume we close similar to the time we wrote post — PLEASE double check all set ups to be sure the pattern analysis is valid!  Write us with any questions at

cryptopatterns@gmail.com

NOTE: We’ve gone overboard to share charts with you to paint the most complete picture of the crypto market as possible — the two we’ll be watching most closely are

XMR  and FCT — so we start with those

Why those 2?  Longer term subs have seen the predictive power of XMR (doesn’t work every time — nothing does–but works a lot)  and FCT is a great representative of the BTC exchange which has destroyed many crypto traders but now is showing signs money might be rotating into it — and we think that’s bullish for then entire crypto market — AT LEAST FOR THE SHORT TERM.

We still urge CAUTION — take some profits when you’ve made 25-50% — at least tighten trailing stops, and use slightly smaller positions sizes — these are the highest prob trading strategies to help you PROTECT YOUR GAINS.  As of now, that’s more important than making new gains — just in case all these amazing bullish signs don’t play out (exactly the conditions we’ve told you will be in play when they start a correction!)

MULTIPLE CHARTS — VERY MIXED SIGNALS BUT SOME KEYS THAT CAN HELP YOU TRADE SAFELY

We start with our “indicator charts” FCT and XMR

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BCC market wrap 12 14btc market wrap 12 14dash market wrap 12 14eth market wrap 12 14XRP market wrap 12 14

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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) 2017 JBP cons, inc.  All rights reserved.

BTC ETC NEO ZEC crypto market wrap Issue 7 Vol 1 12 1 2017 9:50 PM EST

NOTE:  The ON THE BRINK pattern broke out to the upside today for many large cryptos and there are other bullish indicators, but some divergences in volume are a red flag that means any ST/IT positions need to be managed carefully (take some profits, move up trailing stops).

On the other hand , targets for BTC and several altcoins are much higher than current levels so as long as we trade SAFELY there’s a moderate probability we will also be trading PROFITABLY –which is the goal.

Prices can just grind higher from here with some spikes down to shake out weak hands but, the bullish case would like to see an explosive move higher today for BTC AND ALTCOINS as they are well set up for it (several bull flag patterns) and buyers are still skeptical so this would have the bus take off without them yet again.

The bearish case calls for a surprise spike down that simply does not recover — this is NOT a high prob move, but that’s exactly how they start a lot of corrections so pattern and TA traders are fully invested and get hammered.  You see games like this played often during Wave 5’s so remember to:

  • Keep some cash on hand
  • take some profits along the way
  • have clearly defined stop loss ranges and PLEASE HONOR THEM — not a good set up to be flexible at all — make a decision and stand by it = STAY SAFE AND STAY IN THE GAME.

5 CHARTS — BTC ON THE BRINK IN A GOOD WAY SO FAR — NEO UNDERVALUED??- DID ZEC ALREADY MAKE IT’S HIGH?  WILL ALTCOINS EVER RECOVER VS BTC?  ETC SAYS “MAYBE”… 

NOTE: To see the ON THE BRINK pattern for any crypto we haven’t charted yet–just check the 30 minute chart — any questions let us know at cryptopatterns@gmail.com

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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) 2017 JBP cons, inc.  All rights reserved.

BTC BCH ETH NXT STR ZEC crypto mkt early updates 12 1 17 8:30 AM EST

 

Lots to cover as we enter a new month — if you want the short version:

tl:dr

We are high prob in WAVE 5 for BTC and this means a meaningful correction is coming soon (CAN START AT ANY TIME).  Altcoins have not shown they can keep moving up if BTC drops so this is NOT a time to be “all in” — having cash available for spikes in price as well as ST or even VST trades or just to lock in some of the great profits you’ve likely earned is the HIGHEST PROB for success as we close out 2017.

And here are all the details — today’s charts below…..

NEW MONTH AFTER AN AMAZING MONTH FOR CRYPTOPATTERNS – Why it’s time to be careful….

November was nothing short of amazing for cryptopatterns.  Patterns started the month identifying BIG MOVES and then identified nearly every major move for BTC and the large altcoin market.  We’re creating a separate post to show the highlights, but that’s not why we’re singing our own praises here.

The reason we mention our incredible performance is WE’VE BEEN HERE BEFORE.  Several months back we identified about 30 successful trades (remember XMR from 50 to $150?) and patterns called for incredible upside for both BTC and Altcoins that were moving perfectly “in sync”

Within weeks (days?) the “in sync” pattern split with BTC going UP and Altcoins getting CRUSHED, and patterns were slow in identifying this new relationship (highest prob is to stay with a trend until it’s PROVEN to change….).

Does that set up sound similar to you?  It certainly does to us and we’re digging deeper to get out in front of any games they want to play.

But the takeaway for now is:  We are high prob in WAVE 5 for BTC and this means a meaningful correction is coming soon (CAN START AT ANY TIME).  Altcoins have not shown they can keep moving up if BTC drops so this is NOT a time to be “all in” — having cash available for spikes in price as well as ST or even VST trades or just to lock in some of the great profits you’ve likely earned is the HIGHEST PROB for success as we close out 2017.

It’s easy for us because we still believe 20-30% PER YEAR is an amazing rate of return on an investment portfolio over the LT (10 years or more), even though we had 2 trades that earned over 300% LAST MONTH alone.

But 20% sounds very different when you compare it to the many many many traders who have blown out their entire crypto investment accounts this year and you may come to see it our way…..

MANY CHARTS — STARTING THE MONTH OFF RIGHT WITH OUR “ON THE BRINK PATTERN”

The pattern we shared last night has moved in favor of the bulls (as probabilities indicated) FOR NOW.  Assuming these patterns reach their targets (a BIG assumption) we have more to share about the “roadmap” for BTC and the crypto market — but for now two guiding principals will do:

  1. Trade SAFELY — if the current bullish patterns and price action reverses, it will likely drop HARD (especially if we see pattern failure with high volume)
  2. Position mgmt or slightly tighter trailing stops highly recommended for profitable ST/IT positions.

Patterns say this might be a good time to not have to make every dollar you can possibly make — focus on trading SAFELY and PROFITABLY and you’ll wrap up an incredibly successful 2017 and more importantly, be ready for what is sure to be a wild 2018….

ANY QUESTIONS?  Write us at cryptopatterns@gmail.com

NOTE: ZEC chart not shown (may update soon) but remember ZEC has not made new high and has same on the brink pattern — if market in sync and bullish patterns confirm, maybe ZEC joins the party?  see prior posts for stop loss range ideas until we can update…

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Here’s the ON THE BRINK PATTERN for BTC shared yesterday in Market Wrap….off to a nice start….

btc market wrap 11 30ETH early 12 1

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Here’s the STR chart shared in yesterday’s Market Wrap – if you caught the dip down to .071 that’s some great SAFE trading — let’s see if STR moves up quickly which is its style and would be a good indicator for the crypto market….if not–that means something too….

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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) 2017 JBP cons, inc.  All rights reserved.

 

 

ZEC Zcash Real Time Update 11 24 17 9:15 PM EST

NOTE:  USDT chart shows BIG volume spike and close above channel which supports bullish case.

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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) 2017 JBP cons, inc.  All rights reserved.

BTC BCH LSK XMR ZEC real time updates 11:50 PM EST 11 15 17

NOTE: This turned into another Market Wrap — oh well too much info better than too little….

No BTC chart update — prior post charts are added below for review.

Today was clearly a breakout day for BTC — and breakouts like to be retested be prepared for some volatility over the next few days….Since the close BTC did not make a new high so far today – however it didn’t plummet in price and break through key resistance levels either — so the bulls have the ball and this means the trade strategy we shared in Market Wrap is still in play, but not as high prob.

We still want to know —

is BCH an ALTCOIN, BITCOIN or SOMETHING ELSE?

May not seem like a big deal but we’re thinking IT/LT and it will definitely correlate with something– good to know.   So far, every day it seems to do something different…watching VERY closely — high prob BIG MOVES are not over for BCH…

For now, BCH chart below tells the story — if you’re a ST trader might want to head to the sidelines — if you like the IT/LT story high prob profitable trade — targets uncertain for the moment but as we’ve shared $1500 USDT is a good starting point (can go MUCH higher of course).

In addition to the other charts shown below we are keeping an eye on ALL the large altcoins that trade in USDT because it really looks like a rally is brewing…or just another great headfake?  We’ll see….

We’re also watching VTC (which is a store of value coin like BTC, LTC DASH ZEC) — we’ll try to add individual charts — Rally or not, STR looks quite strong and XRP is holding up better than expected after that strange sell off in prior post — so we’ll likely start with those soon.  We added LSK because it’s unusually high volume — usually means SOMETHING.

6 CHARTS — ALTCOIN RALLY STILL IN PLAY — But time is running out for BIG MOVES

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bch real time 11 15lsk real time update 11 15xmr real time 11 15zec real time 11 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) 2017 JBP cons, inc.  All rights reserved.

BTC LTC ZEC crypto mkt wrap vol 6 issue 4 11 9 17 7:40 PM EST

tl:dr  We’re looking for “THE TELLS” that can help us get probabilities on our side for next big move

  •  BTC can’t seem to break $6908 poloniex – that’s a tell that has already showed to be important since we started writing this update.
  •  Explosive move that sticks for altcoins –not just a decent move up that keeps pulling back by end of day…moving up in sync would be helpful too…
  • What the hell is going on with ETH ETC and related altcoins ZEC and REP – mixed signals currently.

HERE’S A LOT MORE DETAILS

NOTE:  BTC showed some weakness today but didn’t break key support and still has plenty of bullish signs — once again it shot up from the edge of the cliff right after the close.  See chart below for much more–today COULD be very important so watch BTC closely and make a plan to deal with fireworks either way.

ALTCOIN MARKET — HERE ARE THE TAKEAWAYS FROM TODAY’S MARKET ACTION

  1. STRONG MOVES UP BUT DIDN’T TAKE OFF LIKE A ROCKET  – If they wanted to take off and leave us off the bus (rocket, whatever), they had their chance today and didn’t take it– that increases the probabilities of two patterns:                                                               a)   We grind higher with some spikes down to shake out weak hands to keep traders guess–then EXPLODE higher and see a true bullish wave to recover a big chunk if not all of the downside altcoins have suffered.                                                                   b)  We show strength then keep pulling back so we don’t gain much more ground then fall hard and retest the recent lows and possibly go lower y
  2. The biggest takeaway is to expect an explosion in price at some point ––  if the LT Bullish case for altcoins is for real–then altcoins should behave like a coiled spring that’s been held back building demand for months– the longer we go without a CONVINCING SPIKE UP –the more likely this current move up will be retraced.

Fot now — we see no trading edge for altcoins — if we can see more upside today with increasing volume that could change and increasing position sizes could become a higher prob trade.

3 CHARTS — ARE ALTCOINS FOR REAL?  JURY STILL OUT

NOTE: BTC already on the rise since we prepared this chart – so once again the line in the sand holds to screw over pattern and technical traders– that’s why you have to always remember “they know that we know” and wait for confirmation on unique (obviously manipulated) patterns like BTC has right now.

BTC’s apparent continued bullishness could be a serious red flag for altcoins so consider position mgmt!!!

NOTE 2 – We are watching ETH and related cryptos closely but no update to share just yet — patterns say BIG MOVES COMING — have a clear trading plan (at least stay safe!)

btc market wrap 11 9ltc market wrap 11 9ZEC market wrap 11 9

 

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 ETH ZEC crypto market early updates 11 8 17 9:25 AM EST

NOTE:  We indicated the entire crypto market was showing bullish signs, and that’s what we’re seeing — so far.  We stand behind the RED FLAG this creates as there are multiple indicators on both BTC and Altcoins that the current “bottom is not in”.

No need to panic or avoid trading if you’re a SAFE trader.  The takeaways from the current patterns should be clear:

  1. If you’re serious about trading LT, you’ll define your risk and honor it = USE STOPS or at least have a stop loss range that you scale out of positions (ST/IT positions only for now)
  2. Take solid profits when they are available — this is not a market for the weak — they will spike price up or down so fast many traders (including experienced ones) will freeze. Make sure you’ve locked in some gains and have some cash position at all times — especially as we close in on BTC hard forks in next week or two.

These are basically steps 1 and 2 of our Trader Survival Guide we have shared so we’ll just leave it at that for today — let’s be sure we get those right before we consider additional survival strategies—without these two you are absolutely not trading safely!

CRYPTO MARKET UPDATE

Yesterday’s charts all still in play — updated BTC though as lower prob bullish path was taken (long w/stop at day before low was clearly the trade of the day!) and we’re adding an updated ETH chart (ETH watch continues….definitely watch ETH!!!!) and a new trade set up for ZEC that looks very promising.

3 CHARTS – THE MARKET FOR BIG MOVES CONTINUES — GETTING COMFORTABLE VERY DANGEROUS!!

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NOTE:  this should say USD Stop under $270 not $170 for ETH…..

eth early 11 8zec early 11 8

 

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 BCH LTC ZEC VTC crypto mkt wrap Vol 5 Issue 4 10 26 17 8:45 PM

NOTE:  As noted in early updates, BTC’s strong close gives the edge to bulls.  That said, as our chart below shows — today’s price action was LOW probability and this creates some warning signs for BTC that should not be ignored.

Altcoins had the ball today and most dropped it by not reversing to a green close — except for ZEC which could mean something — but we need more than one up day for ZEC to get overly bullish on altcoins — the IT bullish case looks good, but they can take price much lower first so plan your trades accordingly.

In summary — BTC retained it’s title as King today — but we’re liking cash more and more….

We continue to see a lot of mixed signals in this market so all trades should be heavily based on the chart of that specific crypto — so we’re increasing the number of charts we’re showing to help you evaluate.

If you have a specific coin request let us know at cryptopatterns@gmail.com

MULTIPLE CHARTS — MAJOR GAMES TODAY – BE SURE YOU HAVE A CLEAR ENTRY/EXIT PLAN FOR ANY 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) 2017 JBP cons, inc.  All rights reserved.