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Welcome to the cryptopatterns newsletter. Since 2016, we’ve offered daily (sometimes more) trading and market updates to inform and education cryptocurrency traders and investors to help you stay SAFE and PROFITABLE. In addition to helping our many subscribers and followers, you might have seen our analysis recently quoted in major publications like FORBES most recently HERE .

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cryptopatterns chartbooks offer detailed analysis of Bitcoin and the 9 Largest Altcoins along with 2 altcoins “we’re watching.

The June Chartbook is free with no cost or obligation — it’s our way of showing you that cryptopatterns is different. We’re committed to helping traders succeed over the long haul with info you can use now and in the future. Thanks for your interest and we hope you find our services helpful.

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BTC XBT ETH crypto market early updates June 20 2018 10:00 AM EST

NOTE: Patterns shared over the last several day’s updates are all on track and still in play.

Now we have BTC recovering well from spike down right after close yesterday on what looks like it will be higher volume on XBT so close today could be a strong indicator BTC is ready to test key $7250 range.

Reread that — BTC is ready to move up. Altcoins have not proven they are going to move with BTC yet and that’s a major red flag.

Hopefully we’re just paranoid (as all good SAFE traders should be) and altcoins explode higher — as the ETH chart we prepared yesterday shows — ETH and other key altcoins were a good tell that the move down for BTC was a headfake ($6450 key level was also helpful to “stay in the trade” or add).

But as the biggest gain chart below shows — the major altcoins are nowhere to be seen vs BTC so far today — If you’re new to crypto — just know

BTC UP ALTCOINS DOWN has happened before — and it can be deadly and we need to stay alert for it.

We’ll be watching and updating as needed.

3 CHARTS — ALTCOINS GETTING HAMMERED VS BTC?

large altcoins 6 20 early eth market wrap 6 19

showing yesterday’s XBT chart for reference — looking like strong reversal with volume so far today but of course CLOSE IS WHAT MATTERS.

xbt early 6 19

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.

BTC XBT ETH crypto market early updates June 19, 2018 9:15 AM EST

NOTE: Our ETHUSD indicator is confirming and still in play but XBT futures (chart shown below) show that close today is important as a solid up day with higher volume would pave the way for more upside (test of $7250 or more), and a reversal could lead to breaking $6450, $6000 and even a possible test of $5000.

The highest probability takeaways for the current set up are:

Have VERY realistic expectations for any bullish moves — taking profits or trailing stops have to be the strongest approach for now based on the last 2 months of price action. When the time is right to be more aggressive, the market will show us
Have VERY clear trading plans and don’t stay in trades if your stop ranges are hit — even though it’s possible we’re in “summer trading” you can still lose a LOT of money and get shaken out on a low volume move down to $5000 or lower.

Now more than ever STAY SAFE, and STAY IN THE GAME.

2 CHARTS — The Big 2 are representing the crypto market for now….

NOTE: Market moving very much in sync so trades can be developed for more altcoins with similar patterns. See prior posts for many set ups and/or write us at cryptopatterns@gmail.com with questions

xbt early 6 19

Yesterday’s ETH post still in play — above $550 next target is $600 range which is strong resistance. Above that could see strong move higher to $750 range but let’s see $600 first — respect “character of current market”!

eth real time udpate 6 18

BTC XBT ETH crypto market early updates June 18, 2018 10:20 AM EST

NOTE: For a market that continues to move in sync, we now have a set up where BTC and the largest altcoin ETH are now sending the same message — As the charts below show that message is

EDGE TO BEARS

That’s what the probabilities say but we say “prove it”. Why?

Here are a few additional points to consider:

The entire move down from 10,000 is on low relative volume — not exactly BTC hodlers “rushing for the exits” which is what BTC’s volume pattern has looked like in prior crashes. That could change with a drop below the key $5000 level, but so far we’ve traded between $6000 and $10000 for months…
The current pattern (pennant) is called a “continuation pattern”. The highest prob path is to confirm quickly. As of now we’re just seeing a tighter and tighter pennant (triangle) form. If bears are still in control, they should take this down with volume soon.
Indicators are starting to favor the bulls –– bears are running out of TIME — this would mean at least a bounce with a high prob test of $7250 if bears can’t tank the market.

AND PERHAPS MOST IMPORTANTLY — A NEW CONSIDERATION

4. SUMMER TRADING If we’re seeing wall street and hedge fund trading patterns entering the crypto market (XBT futures say we are), the summer trading pattern is generally much lower volume with a lot of headfakes and very little real movememt over time. September and particularly OCTOBER are the months where volume and REAL big moves resume.

Guess THEY like to take the kids out in their yachts and lambos during summer break….

It’s too early to tell if “summer trading patterns” are what’s going in crypto right now but at least keep it in mind because they can take price all over the place at any time. Even moves breaking key levels doesn’t necessarily mean they’re confirmed tradeable moves.

2 CHARTS — THE BIG 2 SAY BEARS HAVE THE BALL – BUT TIME RUNNING OUT

NOTE: We reviewed the XBT futures chart and it currently does not add anything new to the following update — of course we’ll keep watching…..

btc early 6 18 eth early 6 18

BTC EOS ETH crypto market early updates June 16, 2018 9:30 AM EST

NOTE: XBT closed with the bearish “higher high” reversal pattern which usually brings more downside — however XBT will not trade for the next 2 days.

Meanwhile ETH’s clock continues to tick as we’re now on day 4 of a reversal pattern which is the highest prob day for a move up to test the moving averages.

We show yesterday’s charts again as they are all still very much in play including trading and stop ranges.

We add EOS’ chart to show that key altcoin is now near key levels as well and high prob will be an indicator for the broader altcoin market.

As noted yesterday, even if we take the bearish path here and drop down to test the 2018 lows for BTC, probabiliteis say it’s an IT/LT opportunity to scale in SLOWLY as it’s high prob (not guaranteed but high prob!) we’ll see the $7250 level again and possibly much higher at some point in the intermediate term

eth early 6 15 xbt early june 15 btc real time 6 14 eos early 6 16

BTC XBT ETH crypto market early updates June 15, 2018 9:30 EST

NOTE: The line in the sand continues to be $6450 BTC. We broke it 2 days ago but recovered with a solid up day yesterday (could not “follow through” with lower prices).

Now we have a chance for a BULLISH follow through which would high prob lead to a test of key $7250 level, but if we close below $6450 the edge returns to the bears as they get the ball back for another chance to follow through and test the 2018 lows.

CURRENT MARKET CONDITIONS

Charts below show the current set up for both BTC and altcoins (ETH chart good representation).

2 CHARTS — TUG OF WAR

TAKEAWAYS:

ST NO TRADING EDGE

IT SLIGHT EDGE TO BULLS (would only use SCALING trades as prices can go much lower

LT EDGE TO BULLS

NOTE: BTC chart (not shown) same set up as XBT daily chart shown here.

xbt early june 15

eth early 6 15

BTC EOS ETH ENG crypto market wrap Vol 14 Issue 3 June 13, 2015 9:20 PM EST

NOTE: Early updates covered the keys that are still very much in play. We have also had special requests today some of which are also worth reviewing so we’ll share those with our loyal subs in tonight’s market wrap

any other questions or requests write us at cryptopatterns@gmail.com — we’re here to help keep you SAFE and profitable (remember real world returns are measured in YEARLY RETURNS not weekly!!)

We’ve added a couple of notes above some charts so be sure to check them out.

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NOTE: Watch if ENG can continue to climb if BTC or ETH falls — that rarely happens

NOTE 2: EOS has same set up as ENG so watch that too!

eng special 6 13

NOTE: ETH is also now on day 2 of a bearish higher high reveral pattern that can drop for 2-6 days before moving up to test the moving averages.

eth market wrap 6 13