etc – Page 2 – cryptopatterns

BTC ETC ETH crypto market wrap vol 7 issue 4 12 6 17 1:30 PM EST

NOTE: First, a quick apology for the last few days — some unanticipated travel made it difficult to post charts — we hope that is now resolved and hope our successful trades on NXT, XMR and STR as well as pretty darn accurate patterns on BTC make up for the inconvenience 🙂

As for the crypto market, c’mon, you had to be at least a LITTLE impressed when BTC went up $2000 and appeared to be crashing right at $14000 (which is exactly what patterns called for?)–well, we were anyhow… and it offered a great roadmap for position mgmt that’s for sure. But in the end BTC was too strong and now has gone past $14000.

As we post this BTC is now under a brand new SELL signal — even if it confirms the fact we have passed the $14000 level makes it at least moderate prob we’ll test the key psychological price level of $15000 before a major correction.

In addition, today brought something we have been watching for since we stated BTC was likely in a Bullish WAVE 5 = VOLUME on a strong up day. It’s a good bet traders on the sidelines as well as those who are heavy in altcoins are feeling some serious FOMO right now — and make no mistake that could put a target like $20,000 in play sooner rather than later. On the other hand, traders are starting to EXPECT huge gains and targets like $20,000, and that’s exactly when we have to watch for the rug to get pulled out — as we’ve said it can happen AT ANY TIME during wave 5– but for now

EDGE TO BULLS

And by following our 3 trading survival keys (most important trailing stops for BTC), by STAYING SAFE you can (and hopefully have) made great profits in an increasingly dangerous market.

ALTCOINS – CHAOS

Patterns were very helpful yesterday in identifying a serious risk of BITCOIN UP./ALTCOINS DOWN — and that’s exactly what happened in a big way.

HOWEVER

We’re seeing some things this time around we didn’t see last time–specifically — the larget altcoins are NOT in sync. STR, NXT and XMR (3 trades we identified for subs we’re pleased to add) have held up very well even against BTC’s historic rise.

This means the bullish case for large altcoins is far from dead — though it may mean not ALL large altcoins are coming along for the ride (as we’ve indicated in prior posts) —

We cover two of those altcoins in the chart below — ETC should have doubled already–and ETH should be at $650 — why aren’t they? There’s really no good reason given STR is and NXT are both up 5-10x and XMR is up 2x.

Now more than ever be selective in the altcoin trades you enter — make sure you have 100% confidence in the bullish case for the time you plan to trade the altcoin (ST/IT or LT) — we can no longer assume the market trend will take care of us and make all positions profitable.

3 CHARTS – DON’T BET AGAINST BITCOIN (even though patterns say it might drop while we’re writing this!) and WE NEED RESULTS ON ETC AND ETH or time to reassess.

BTC market wrap 12 6 ETC market wrap 12 6 17 ETH market wrap 12 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) 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

BTC market wrap 12 1

btc market wrap 11 30

neo market wrap 12 1 etc market wrap 12 1 zec market wrap 12 1

BTC ETC ETH crypto market early updates 11 27 17 9:10 AM EST

NOTE: NXT blew up yesterday and has now hit 300% above the price levels of recent posts when we said it had great potential — there’s still a bullish story there but for now ST and possibly IT targets have been hit = POSITION MANAGEMENT is highest prob (=take some profit) or at the least tighten trailing stop loss ranges.

In any case, congrats to subs who got into the NXT trade — be sure you keep it profitable!

WHERE WE ARE NOW

Speaking of great trades that patterns have helped with, as we write this post, we see nothing to change the probabilities that BTC has an edge to meet its $10,000 target before a meaningful pullback — BUT —

TIME IS RUNNING OUT as we’re on Day 3 of a “sell signal” that can last up to 6 days.

Of course they can change the script at any time, but BTC’s pattern may be the most accurate pattern we’ve shared so far this year — so we have to assume a pullback to test the moving averages is coming.

Therefore –TIME TO TRADE SAFELY — please be crystal clear about how you plan to trade BTC

WHAT’S ETH GOT TO DO WITH BTC??

ETH’s chart (and possibly ETC as well) below make for an interesting story when compared to BTC’s —

Notice ETH is on day 1 of it’s reversal pattern while BTC is currently on day 3 — This has assessing two probabilities:

ETH AND BTC both keep moving up together —likely up to $650 target and above $10,000 for BTC or
Traders pile into ETH (and maybe ETC which also looks very bullish) as BTC spikes downward in a pullback.

Either way playtime is over for ETH — it needs to move up during this pattern or there’s a high prob it will retest $350 breakout level or lower.

3 CHARTS “THE BIG 2 BTC AND ETH” IN THE SPOTLIGHT

NOTE: There are other altcoins worth watching today — DASH for example — review prior posts as the patterns and trade strategies are still in play but we’ll update if we see new information worth sharing….

BTC early 11 27 ETC early 11 27

NOTE: ETH note on stop loss range got cut off — should read <$420 conservative stop loss range….

ETH early 11 27

BTC ETC ETH NXT crypto mkt early updates 11 21 17 11:15 AM EST

NOTE: We’ve been looking for BIG MOVES in the crypto market and yesterday brought some. Timely “Tether Hack” matched perfectly with patterns sell signal for BTC and other key cryptos — close today is important.

Also, NXT delivered on it’s patterns and is now poised for greatness, but we wouldn’t be going “all in” as there is still a month before their ICO is final and they’ll want to keep retail buyers guessing. On the other hand volume is huge — means A LOT — so keep an eye on NXT– much more on chart below.

BTC and ETH/ETC charts below have other updates we thought worth sharing. We are also watching NEO — no chart to share yet but games are being played and SO FAR volume says could be a trading opportunity — we’ll plan to update soon…

4 CHARTS — NXT BIG MOVES OUTPERFORMED BTC FOR NOW — ANYONE ELSE?

BTC early 11 21

etc early 11 21 ETH early 11 21

nxt early 11 21 wave

nxt 11 20 early

This site is for educational and entertainment purposesSO 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 ETH XRP crypto market early updates 11 17 17 10:40 AM EST

NOTE: We’re not going to lie — the current crypto market is a mess — exactly how the short term players like it — shake out everyone. With that said let’s review key patterns to see

WHAT WE KNOW:

Patterns said: BIG MOVES EXPECTED

BTC absolutely — Altcoins sort of — XRP and LTC both showed BIG MOVES yesterday so nearly every large altcoin that trades on USDT has seen a price spike — most have held a good chunk of those gains but little follow through.

Patterns said: BTC UP/ALTCOINS DOWN or VICE VERSA

This two month trend has shown some shakiness but last 2 days have show it is still the trend — so we use this as our trading premise until we see a clear confirmed trend change.

What patterns are saying now:

USDT chart showing bullish patterns on most large altcoins — LTC’s confirmed yesterday but has not reached $80 target yet — several have moved up so far today (ETC XMR) so we continue to expect BIG MOVES which give an EDGE TO BULLS vs USDT and should AT LEAST KEEP PACE with BTC.

BTC has retested bullish pattern and can go straight to $10000 from here. Of course there are patterns and indicators that say it won’t, but reality and market price action say EDGE TO BULLS so highest prob use trail stops for highest profits.

Someday BTC will drop $1000’s of dollars and retest <$5000 — it’s a near certainty — but it’s just as certain we don’t know WHEN. You might lose $1000’s waiting for it so take advantage of buying opportunities (see chart below for examples) if it fits your trading strategy and use SAFE TRADING and honor your stops (using closing price) for highest prob of profits.

4 CHARTS — BIG MOVES CONTINUE – ONE AT A TIME? LTC YESTERDAY ETC or XMR TODAY? AND OF COURSE XRP WTF??

(NOTE ETH has same set up as ETC–yesterday’s chart shown again for reference)

NOTE: Safe trade opportunities mean POSSIBLE entries for scaling in — also can be used for ST trailing stop loss ranges if already in long position

BTC early 11 17 17 ETC early 11 17 XRP early 11 17 17 ETH real time 11 17

ETC ETH LTC real time update 11 16 17 11:55 AM EST

NOTE: They showed every bearish sign in the book for BTC then took it HIGHER. Now we’re seeing multiple bullish patterns across many latge altcoins. Best not to front run these patterns based on BTC but with TIME running short, probabilities are increasing we will see our BIG MOVES one way or another in the near future.

Again, if we don’t break out and confirm those breakouts on altcoins, have a clear exit strategy because price could move down very quickly.

NOTE: ETC has the same set up as ETH with bullish pattern and lower low reversal setting up — will update at close today…..

ETH real time 11 17 LTC real time 11 16

BTC BCH ETC XMR crypto market wrap PM EST Vol 6 issue 7 11 13 17 8:30 PM EST

NOTE: BTC continues to struggle but is grinding higher and now appears high prob to reach the “retest range” of $6800-$7000 USDT on poloniex. At the same time BCH is showing great strength by staying above critical support levels.

Something’s gotta give…

The great news is we know where “the line in the sand for BTC which is:

$6150 (again this would be a close below 6150 but if we’re on the waterfall pattern moderate to high prob we won’t close above $6150 if we drop below)

ALTCOINS — IS IT TIME FOR A BIG MOVE?

While BTC’s move up is a red flag, our comments about ALTCOINS UP (a lot) / BTC Down (a lot) is still very much in play. BCH is WAY up and holding steady– the “store of value” coins DASH, ZEC are way up and XMR (see chart below) and LTC are showing bullish signs with indicators the “top is not in” on current move.

Now we can add to that ETC is set up for a potentially explosive move and we’re seeing a multiple large altcoins acting pretty darn bullish.

Bottom line: If a big move UP is happening for large altcoins — we’re set up for it to happen in next 1-3 days — and it just so happens that’s when patterns suggest BTC could confirm it’s bearish pattern with a meaningful drop (see chart below for more)

If your trade strategy has you positioning for a bullish move in altcoins — Please review prior posts for stop loss ranges because if they don’t move up — it’s moderate to high prob they’ll move DOWN and you need an exit strategy.

Remember, we’re in a new market reality of BIG SHORT TERM MOVES…. And remember our two keys to survival –1)define trades 2) take solid profits = STAY SAFE.

4 CHARTS — Next 1-3 Days important for BTC which means important for crypto market

NOTE: Stop loss should also indicate <1000 as that would test TODAY’s lows — $1175 is two days ago low and a very conservative stop given market volatility — a close under $1000 is a good indicator something else is going on with BCH for now so consider that in your trade strategy.

BCH market wrap 11 13 BTC market wrap 11 13 ETC market wrap 11 13 xmr market wrap 11 13

BTC BCH ETH ETC crypto market early updates 11 10 17 12:10 PM EST

NOTE: BTC broke the “line in the sand” which throws the entire market into uncertaintly –however, probabilities will start to clear up after the close today.

BCH confirmed its bullish pattern and is showing the signs of a bullish wave, but as the chart below shows — a reversal before the close would not be bullish. We see a big drop for BCH as low to mod prob because as we mentioned last night in our “tells” – that sort of explosive move is what we’re looking for (and have not seen) for large altcoins that usually shows up at the start of a new bullish wave.

Altcoins are flat or even down even with BTC falling — that COULD support the bullish case for BTC and raises a red flag for altcoins (we know there are indicators lows could be tested.

However, we also know several large altcoins have strong bullish charts so we’ll call that “no trading edge” and just hope you took some profits at the highs yesterday as probabilities indicated was a good idea 🙂

Finally–we share our latest charts on ETH and ETC — so far today they are moving the way patterns said they should move, but we have not seen BIG MOVES and until we do best to work on a clear trading plan that keeps you safe if you have a position in ETH or any related coin (ETH, ZEC, REP)

4 CHARTS — BCH 2500 — WE SHOWED WAVE CHART MONTHS AGO — NOW IT’S SET UP!! (only moderate prob for now)

BCH early 11 10 btc early 11 10 ETC early 11 10 ETH early 11 10

BTC BCH DASH ETC ETH LTC XMR crypto mkt early updates 11 7 17 8:25 AM EST

NOTE: BTC is once again on a low probability path where it closed below the key $7000 level but, so far, has shown ZERO downside follow through — you just don’t see that — highest prob is you’ll see a lower price which reverses or falls further which we’ve shown you numerous times (including on some charts today) is called a lower low or higher high reversal.

BTC’s unusal price action supports the “hedge fund manipulation case” and should be viewed as a red flag that there will continue to be huge price swings.

Meanwhile altcoins are actually falling in line with probabilites are for the most part are closer to “in sync” than they’ve been in some time.

WHAT TO DO NOW?

This is a good time to establish what we KNOW from the patterns as of now? WE KNOW

ETC looks very bullish
BCH is on the bullish path if we close green today
FCT has an edge for bulls unless we see major downside and volume today (this should be considered an indicator worth watching as altcoins only traded in BTC have been destroyed including larger coins like FCT

That’s all we KNOW from the patterns and indicators at the moment — today’s close will add to the probabilities for many key coins soooo……

Study, prepare trade strategies and don’t panic to get into or out of trades. We cranked out a ton of charts with updates to help you in your efforts.

Before we go to charts let’s add STEP 2 to our YEAR END TRADING SURVIVAL GUIDE

STEP 2 DON’T TRADE EXPECTING TARGETS TO GET HIT — BTC is all over the place and altcoins have not proven they have even started a bullish wave – so why are you assuming targets will get hit again?

In trading practice this step means to tighten ST/IT position management plans — TAKE SOME PROFIT off of any trade that makes a solid profit (you get to decide how this works but FOR EXAMPLE:

Take 25-50% of the trade off once profit has reached 50% of it’s minimum target.

MANY MANY CHARTS — CLOSE IS WHAT MATTERS!!

NOTE: As we prepared this post, BTC started dropping hard — this could take it below yesterday’s lows and set up a POSSIBLE lower low reversal which could be BULLISH OR LEAD TO A TEST OF $6750 OR $6500 TARGET– see chart for more — AND STAY SAFE!

bch early 11 7 btc early 11 7 DASH early 11 7 ETC early 11 7

NOTE: Targets for ETH are correct but should be labelled BEARISH TARGET = Test of key $200 range and PATTERN FAILURE BULLISH target $425-500 new highs)

ETH early 11 7 FCT early 11 7 LTC early 11 7 STR early 11 17 XMR early 11 7

BTC BCH ETC real time update 11 5 17 11 AM EST

NOTE: Mixed signals for BTC — price action showing weakness after recent new high. There’s the “sell signal” we posted earlier but there are also indicators “Top is not in” — for now best trade strategy is determine your comfort level for trailing stops for ST/IT positions. Edge continues to be with bulls for BTC for now.

Here are three charts to complete our “early updates” ETC is a large altcoin so seeing bullish follow through would be a change for this market. BCH diverged from BTC on it’s recent move up, but chart shows bullish case is far from dead.

bch real time 11 5

bch early 11 4

etc real time 11 5

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