BTC Bitcoin Real Time update 10 9 17 2:35 PM EST

NOTE:  Edge still to bulls even if this plays out but volume is starting to come in so if theres going to be a big trend shift- you should be aware these are the conditions it’s mod probability– at least useful for position mgmt.

btc 2 hour real time 10 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.

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ETC crypto market real time update 7 12 17 12:45 AM EST

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.

NOTE:  The current bullish price action looks a lot like the move up after DASH did not make it down to test $130 recently and moved straight to $200+.  Only NXT made a lower low–other cryptos dropped hard but could not break the lows — and reversed hard — at least for now.  There are NO guarantees we’ll see the same kind of move we saw when DASH couldn’t test lows — in this market all this buillishness could be done in an hour!

but

based on TIME of “buy” pattern there could be good upside even if not a bottom, so plan for that moderate probability.  Watch key price levels ($2350 BTC $200 $240 ETH $50 LTC) as a starting point for a real move — watch volume on daily chart — off to a good start but we’ve seen it stall recently – a real move up with volume should be strong consistent volume.

Finally –if they pump this up and turn it red today we’ll be back to worrying about DASH $130 XRP .12 and ETH and BTC lows discussed in mkt wrap.  Be sure you consider this before making ANY trading decisions. Trade at your own risk, but you should have a clear entry/exit/position management plan to minimize that risk by now, so take action when your plan calls for it.

ETC real time 7 11

cryptopatterns Market Wrap July 7, 2017  9:00 PM EST  Vol 2 issue 7

cryptopatterns Market Wrap

July 7, 2017  9:00 PM EST  Vol 2 issue 7

We really want to help you succeed as a trader for the long haul.  Most don’t — you can–but as we tweeted earlier, you have to understand the game you’re playing — demanding profits on every trade (so you’ll get angry when you lose or hold too long) is DEFINITELY not part of a successful trader’s make up.

AND

A 10-20% return on your trading account over 12 months puts you in the top 1% of traders — if you can repeat that return year after year you’re probably in the top .01%!  

These stats might help you understand why we keep beating these points to death

90 percent traders lose money

Trader mindset is everything if you want to succeed long term — now on with the show….

YESTERDAY’S MARKET ANALYSIS – It all comes down to ETH  

We’d say that got it right for today, no?

BOTTOM LINE TODAY: SLIGHT EDGE STILL TO BULLS (YES — STILL SLIGHT EDGE TO BULLS)

The red flags we laid out yesterday became reality today and ETH tanked AND CLOSED below the key $240 number we’ve been reminding subs about for weeks.

BUT

we’re not bringing the ultra bearish THE PATTERN back just yet — for many reasons — more than we can cover in one Market Wrap — we’ll hit the highlights here and then update for those who want all the details.

Let’s take this one step at a time:

STEP 1 – WHAT DID ETH TELL US TODAY?

First of all if you buy ETH now, you are absolutely frontrunning any clear buy signals — on the other hand, there’s a case to be made for starting to SCALE IN with a small position as we can’t predict exactly when ETH will head higher.  Chart has trade considerations

ETH market wrap 7 7 17

Then there’s 2 additional points to consider:

  1. LT chart is now at middle of channel (as we predicted weeks ago) AND
  2. showing strong bullish divergence–

we can never know for sure but our LT patterns and indicators say ETH is in LT bull market.  If you decide ETH is going higher LT – we’re getting into price ranges and there are SOME bullish signs above that say STARTING  a carefully defined scaling in program could minimize overall risk (would be IT postion–possibly LT–be sure you define it!)

ETH divergence 7 7 17

Add to the equation that almost every other crypto on the USDT is showing bullish divergence — check out these charts by superstar sub  (thanks!!) showing the bullish divergence on several cryptos on the daily chart (crypto is noted in center of chart — ETC ETH ZEC and STR:

BOTTOM LINE — All USDT crypto can go much lower (another 50% per THE PATTERN which is NOT in play as we write this-but always possible)  BUT

If your research supports the LT bull market — it’s time to look for a scaling in strategy which will allow you to hold longer (meaning you want to START SMALL — like 10% of total position) and be sure you participate in the IT or LT upside that the charts say is high probability to happen–we just don’t know when– but today got us a LOT closer–that much is for sure.

TRADER TIP: Be sure to define some ST Funds so you can go “in and out” of trades with confidence while you scale in IT or LT positions.

We have much more to share about the current market but this is a good start — PLEASE WRITE US WITH QUESTIONS — don’t just get frustrated or confused — we guarantee you are not the only trader who has questions or needs help.

email cryptopatterns@gmail.com

 

Remember trader mindset is everything if you want to succeed for years.  Updates on specific cryptos soon or with early market update….

For tomorrow –

–We looking for buying signals and other bullish signs to phase in a scaling program (or to buy with tight stops) if either of these fit your trading strategy.

 

We’re going to take a look at the BTC Exchange SOON – have a lot of USDT stuff to share before we move back to BTC exchange

We’ll update as needed and hopefully share some new trade set ups if we start seeing bullish confirmation–but as of now:

BOTTOM LINE: SLIGHT EDGE STILL TO BULLS (YES — STILL SLIGHT EDGE TO BULLS)

Please see Market Wrap and Early Update categories for more charts, patterns, targets and useful information that you can use in your planning (and trading if you choose to at this time) efforts.

 

TO SEE OUR PRIOR TRADE IDEAS GO TO 6/25 MARKET WRAP and individual crypto categories that interest you.  

See EDUCATION category for more on ST IT and LT trade planning.

And finally we took off the low end targets from THE PATTERN — see prior market wraps for reference…..might bring them back if we see big drops in LTC DASH and BTC–but not at this time.

Stay safe – TRADE YOUR PLAN with confidence (win or lose) and stay in the game — high prob trading opportunities with CONFIRMED patterns are coming — soon.

NOTE: Please do not share any password protected information presented for subscribers on social media.  It’s the good stuff for subscribers only!  Thanks.

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) 2017 JBP cons, inc.  All rights reserved.

BTC ETH LTC XMR STR crypto market update early 6 29 17 9:30 AM EST

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.

NOTE: Reread yesterday’s “Market Wrap” (see categories) as it has provided a solid script for today’s action thus far. We would caution getting too bearish or bullish at this point. They’re busy shaking out everyone at the moment, making money and prepping for the next big move.

You have THE PATTERN (shown at end of post for ease of reference) and many key targets and indicators to watch to see how things are playing out.

At this point, even with so much uncertainty, you should be watching comfortably —confident in your trading strategy and game plan.  If not, find a way to get there asap.

Meanwhile, here are some longer-term (daily) charts to consider in your ST IT and even possibly LT planning (again-use CONFIDENCE as your guide).  These patterns range from “not a clearly formed pattern” to “insanely obvious”.  There are plenty more out there not shown here in various stages -ETH (4 hour), LTC NXT, SC and REP come to mind if you want to check them out and see if you can find the bearish pattern– feel free to send it — we’ll post it –happy to give credit if you like. (NOTE: READ REST OF POST BELOW THESE CHARTS!)

 

btc hs update 6 29gnt update 6 29str h and s update 6 29xmr update 6 29

Applying the “THEY KNOW THAT WE KNOW” (from early update yesterday — see categories) concept to these patterns we should not bank on these targets being met.  That doesn’t mean they  won’t get close, or it’s possible (low probability) they could even go further.  We have to assess as we go along….

The takeaway is we are still with THE PATTERN and EDGE TO BEARS.

However…..

We’ve already seen tweets today from experienced traders telling followers it’s just a matter of time before the bullish break out for BTC and ETH — they may be right — probabilities say they aren’t.   The only thing we should believe with certainty is:

THEY will do whatever makes THEM the most money — they are not bound by any patterns, targets or fundamentals.  We would just like to be on the same side of the trade as they are as often as possible and patterns and probabilities give us an edge to do that.

Will update whenever possible if something worth sharing today.

STAY SAFE — TRADE YOUR PLAN AND STAY IN THE GAME — hopefully you’ll be around to hear that from us 5 years from now….

BTC real time update 6 27 17 10:55 AM EST

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) 2017 JBP cons, inc.  All rights reserved.

NOTE: If there was ever a time to DEMAND PERFORMANCE from trades, this is it.  BTC showing red flags at important 2500 level — highest prob trade strategy is be on sidelines if current IHS pattern fails — it can fail then shoot higher — you shouldn’t care because bullish patterns should confirm if we are even close to BULLISH!

STAY SAFE AND STAY IN THE GAME — could drop fast if pattern fails — better to trade safe here if trading at all….  Other hand, don’t panic — just get out of any trade on any crypto at BTC pattern fail if that’s your strategy.  For VST EDGE is bullish so just trade plan BUT BE SURE YOU TRADE YOUR PLAN — don’t want to see any sub freeze when action is required!

btc ihs fail 6 28 real time

BTC ETH LTC Crypto Market Update 6 24 17 8:50 AM

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) 2017 JBP cons, inc.  All rights reserved.

NOTE:  BTC is in same situation as Market Wrap so that chart is shown again. ETH and LTC are new updates with new information.

btc market wrap 6 23ETH update 6 24LTC update 6 24

 

 

BTC GAME Crypto Market Real time update 6 23 17 10:00 PM

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) 2017 JBP cons, inc.  All rights reserved.

NOTE: Want to stress we are in a very high risk market at the moment and stress how important it is to keep in mind the key targets for BTC LTC and ETH at all times no matter what you’re trading.  That said — a low risk set up is a low risk set up…..

crypto market 6 23

Here’s what we owed you regarding Game trading action today:  Didn’t happen in the timing we shared on twitter, but you have to be flexible on timing — concept still in play and worth understanding.

game h s real time 6 23

And it just so happens we have the same set up in REAL TIME on GNT Golem — there is a bearish head and shoulders pattern on short term time frames – but the daily chart presented doesn’t confirm the bearishness….

note this crypto has never had high volume so all patterns are less reliable — that said, it raises probs for the bullish case if we can close green today with higher volume than yesterday.

TWO REMINDERS: YOU SHOULD HAVE FULL CONFIDENCE IN ANY TRADES TAKEN WITH A CLEAR PLAN FOR ENTRIES  EXITS AND POS MGMT

IN THIS MARKET  TAKE PROFITS  BUILD CONFIDENCE  ON TO THE NEXT TRADE

gnt real time 6 23 17