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.

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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 ADA BCH XRP IOTA DCR crypto market wrap vol 14 issue 1 June 3, 2018 11:59 AM EST

NOTE:  The slow grinding short term bullish trend continued today and all patterns/trade strategies shared in prior posts are still in play.  We’re sharing a number of charts we haven’t covered recently in this post (and will follow up with more tomorrow like ETH, DASH, NEO and  XMR) to help offer an even broader picture of the crypto market that supports the current set up which is

SLIGHT EDGE TO BULLS

Why only a slight edge?   Here’s a couple of takeaways that help explain:

  1. Strong bull waves don’t like to wait around for everyone to join in and make money and this market is moving WAY slower than typical bull waves (with a few exceptions –see BCH chart below).
  2. Volumes are very low and we’re seeing almost NO “moon shots” or even pump and dump type bull moves — those usually happen even if BTC goes DOWN, so this is a red flag to get a bit more defensive.

Charts show a lot more details– We think DCR is especially interesting and worth watching as it’s still under the radar but has a very strong set up for a HUGE MOVE that for some reason simply is not happening…YET (which we think could also be true for the entire market)

Bottom line is there will be higher probability set ups for entering trades so review your positions and be sure you have 100% confidence in each position or adjust it and have ONLY CLEARLY DEFINED SAFE TRADES IN PLACE.

MULTIPLE CHARTS — GRINDING OR COILING?

NOTE: Gaps tend to get filled and now XBT has gaps above AND below current price — keep that in mind in all ST trade strategies.  XBT chart from Friday shown for refernces 1st:

If you have any altcoins you want to see updated please write us at cryptopatterns@gmail.com and we’ll try to include as soon as possible.

xbt 5 31 market wrap

Showing all charts vs BTC as market continues to move with BTC and we want to see which altcoins have highest prob of outperforming BTC….

adabtc market wrap 6 3

BCH

bchbtc market wrap 6 3

BTCUSD

btc market wrap 6 3

DCR Decred

dcr market wrap 6 3

IOTA – note this was special request chart from earlier- has similar set up to BCH but dropped today–pattern still valid as we post this:

IOTA LT review 6 3

XRP

xrpbtc market wrap 6 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) 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 BCH ETH EOS crypto market wrap Issue 13 Vol 5 May 7, 2018 9:20 PM EST

NOTE:  There are mixed signals between BTC and key altcoins at the close today — that means SOMETHING and we don’t think it will take long to find out what.

ALSO– SEE END OF POST FOR A COUPLE OF SPECIAL REQUEST BONUS CHARTS FOR ZRX AND VEN

We’ve updated the charts for THE BIG 4 (including the XBT futures) so you have the current scorecard (other large altcoins were mixed and offered nothing we think that creates a strong market indicator ).

We think patience and firming up your defined trading plans is the highest prob trade strategy at the moment.

BOTTOM LINE: We stand by our prior post — We’re in a bullish wave, until we’re not, and there’s not a strong enough case to give the bears the trading edge — YET.

8 CHARTS — BTC AND KEY ALTCOINS DIVERGE — WILL IT LAST??HISTORY SAYS NO BUT PATTERNS DO CHANGE….

btc market wrap 5 7xbt market wrap 5 7

xbt real time 9 6

BCH market wrap 5 7ETHBTC 5 7eosbtc 5 7zrx early 5 7ven early 5 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 XBT BCH ETH EOS crypto market wrap Volume 13 Issue 4 May 6, 2018 9:55 PM EST

NOTE:  BTC failed to break the $10,000 level on most exchanges, however , there were short term patterns and indicators that indicated “top is not in”, so probabilities favor higher prices AT SOME POINT.

Today’s close will help us get a read on if BTC will break (and close above) $10,000 sooner than later.  See the charts below for the keys to watch.

We are also sharing the charts for ETH and EOS as we feel they are good indicators of the altcoin market in general.  We’ll include the BCH set up we shared yesterday as the set up is the same as ETH plus you can see it’s also the restest patterns called for.

OTHER KEYS WE’RE WATCHING

There are some mixed signals in the general altcoin market but nothing tradeable at least until closer to close tomorrow.  Not all altcoins are moving down as strong as the rest of the market with BTC’s current drop — most notably GNT (moving up) DGB stable and actually had a bullish reversal pattern at the close today and ETC (very strong up day yesterday).  On the other hand STRAT which looked very bullish yesterday is moving down with the market.

BOTTOM LINE — when in doubt, trust THE BIG 4 more than a few outlier cryptos — but at least we’re not seeing a total “crash” scenario at this time so watch BTC and key Altcoin key price levels for possible reversals and SAFE trades….

AND AS ALWAYS — Trailing stops should be set on all trades – we’ve been moving them up on our big gainers for some time — execute all stops without hesitation — conserve your ST/IT gains — can look to reenter when a higher prob bullish set up emerges.

5 CHARTS — THE BIG 4 CRYPTOS — BULLS DROPPED THE BALL FOR NOW– NO TRADING EDGE

btc real time 5 6xbt real time 9 6

BCH has same set up today as ETH which has updated chart below

bch market wrap 5 5

ethbtc 5 6

eosbtc 5 6

 

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 ETH STRAT XMR crypto market wrap Vol 13 Issue 3 May 5, 2018 9:00 PM EST

NOTE:   Lots of notes between charts — be sure to review them.

We indicated the edge was with the bulls and that trend has continued — now as of the close today there is are multiple bullish set ups and SAFE add or new trade opportunities.  We share STRAT below as a good example of a high prob set up that is worth watching as a “general market indicator” even if you don’t trade it.

BCH HAS THE BALL?

We’ve shared multiple bullish set ups for BCH and today price broke out again vs both BTC and USD — while BCH is the only exception we’ve seen in two years of an altcoin moving up strong while BTC dropped (happened during 2017 and BTC caught up quickly!) we think BCH is a solid indicator that altcoins are going to currently “in sync” with BTC — the difference this time around is some altcoins are much stronger than others.

XMR LEADING INDICATOR BEARISH?

XMR traders have to be frustrated — it’s underperforming all the major altcoins and as the chart below shows, is actually falling pretty hard vs BTC.  This is where checking different TIME FRAMES can make all the difference because if you look at the daily chart over a longer time period, you can clearly see XMR is still in very bullish territory.

TAKEAWAY:  You want a VERY strong bullish case if you’re trading altcoins vs BTC right now because it looks like some are going to seriously underperform.  HOWEVER patterns support the bullish case for the altcoin market to have an edge for bulls as long as BTC remains bullish. 

Of course this doesn’t mean you won’t lose money if you pick the wrong altcoin even if BTC moves to $12000 — do your homework and always trade safe! 

MULTIPLE CHARTS — BULLISH TREND UNTIL IT’S NOT

NOTE: BTC and ETH charts are from yesterday as patterns continue to be very dialed in.    Since $9500 BTC continues to hodl the edge is now to break $10,000 — however, we still have the XBT futures open Sunday night at 6 PM EST to keep an eye on as we have seen volatility kick in around that time.

btc 5 4XBT early 5 4eth usd 5 2

BCH is leading the way but LTC is very bullish as well so see daily chart there and similar trades could be defined safely.  Other alts worth watching (though not as bullish) are XRP and STR — they have bullish patterns but are lagging — let’s see if they join the party– DON’T ASSUME THEY WILL — THEY are rotating from coin to coin and you want extremely bullish set ups AND price/volume trend momentum with all new trades

PRIOR BCH SET UP from 4/27 ALSO SHOWN BELOW along with today’s update for reference

bchbtc early 4 27

bch market wrap 5 5

stratbtc market wrap 5 5

xmr 5 5 market wrap

 

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.