BTC XBT ETH LTC ZEC crypto market early updates May 23, 2018 9:45 AM EST

NOTE:   Overall trade strategy that can be considered in btc and altcoin trades noted on XBT chart — see that below.

Patterns have been on target with market action indicating if XBT gap filled we’d see prices <$8000.  Now over the next two days we’re going to see just how serious they are about tanking this market to retest the lows.  As we’ve shared there is little price/volume support under $8000 down to $7250 range AND the smaller bearish pattern we shared last week (see charts below) is breaking down– we’re not seeing the flush you’d expect YET….

What we’re watching:

  • See notes on charts for BTC XBT indicators
  • ETH (older chart shown for reference)- There were indicators that $600 was a key price level that needed to be retested — we’re getting close.
  • ZEC (yesterday’s chart shown for reference – Hodling up suprisingly well — edge to BEARS increase if ZEC drops and especially closes under $300.
  • LTC crash lows at $100 range and XMR lows at $150 range — as noted multiple times these two are the only 2 large altcoins whose lows were never retested.

We’re back to a good time to have plenty of cash available to stay safe and to take advantage of buying opportunities — but we wouldn’t rush into anything here.

MULTIPLE CHARTS — BIG MOVES IN PROGRESS — HAVE A CLEAR TRADING PLAN!

yesterday’s btc and xbt chart shown below again for reference

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xbt 5 23 early

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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) 2018 JBP cons, inc.  All rights reserved

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BTC XBT Real Time Update 3 23 18 2:00 PM EST

NOTE:  Mixed signals from the crypto market and so far it appears BTC is slightly showing more bullish signs than altcoins.  The concern we’re sharing here is the divergence in patterns between BTC and XBT futures — that usually results in at least increased volatility and often BIG moves.

The good news is key levels have been clearly defined so safe trading can keep you in trades in the event of a bullish move.  Highest prob is still to take some profits along the way if we do see moves back up towards $9500 and $10500 key levels.  Below $8250 a test under $8000 becomes high prob.

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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) 2018 JBP cons, inc.  All rights reserved.

BTC XBT ETH XMR crypto market early updates 3 21 18 10:45 AM EST

NOTE: We got the follow through we were looking for yesterday with BTC now up 20% off it’s lows.  While there are multiple signs “bottom is not in” there will always be those signs at THE BOTTOM so we want to carefully manage our ST/IT trade strategies.

As of now, we’re seeing a steady move higher with fairly modest pullbacks — that pattern fits a weak rally before new lows or the start of a new bullish wave so assume nothing.  Instead, trade safely ST/IT looking for good risk return set ups, strong entries, take some profits as we approach pattern target levels and respect all stops without hesitation.

4 CHARTS – A SIGN OF A BOTTOM IS YOU BEING SKEPTICAL — BUT MUST STAY SAFE!  XMR MAY OFFER SOME HELP ST/IT….

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TARGET for XMR pattern on 30 minute chart (not shown) = 275-300 range (300 higher prob if we see strong vol)

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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) 2018 JBP cons, inc.  All rights reserved.

BTC BCH LTC XBT crypto market early updates 3 19 18 12:15 PM EST

NOTE:  As we mentioned on Saturday there was a divergence on the XBT futures which proved to be an excellent indicator that the move down over the weekend was a headfake.

Now we are seeing a bearish pattern failure creating a possible breakout for BTC that could lead to another retest of the key 9500 range.

The issue that has NOT been resolved and the one we are watching most closely is the fact that all the key altcoins and BTC HAVE NOT made new crash lows.  If this move up does prove to be part of a new bullish wave cycle for BTC it would be the first time in 2 years that we haven’t seen a big move “in sync”.

TAKEAWAY:  We have signs that “bottom is not in” so be sure to take profits in ST/IT trades and honor all stops.

Finally -with these steep bearish drops we’ve been asked about LT positions — The LT bullish case is still in tact for both BTC and Large altcoins — we’ll provide charts and details in a post soon.

5 CHARTS — XBT futures doing their job….BTC BCH LTC (and XMR not shown) — will the “store of value coins” diverge and not make new crash lows?  Never happened before but….

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Here’s a safe trade ST/IT set up for BTC we did as part of a new trading program we’re developing. PIG = Poof! it’s gone = take profits on trades in this market rather than hodl for new highs…..

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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) 2018 JBP cons, inc.  All rights reserved.

BTC ETH crypto Market Wrap Vol 11 Issue 2 3 12 18 9:30 PM EST

NOTE: Patterns are emerging that can help define SAFE trades for key cryptos BTC and ETH (as well as most other major altcoins — see daily charts for details — examples LTC, BCH and XMR) — there are some differences but not enough to shift highest prob trades based on BTC and ETH).

We’ll update more often as breakout/breakdowns emerge — for now highest prob ST/IT Trade Strategy continues to be patience and waiting for market to prove itself (or at least STOP proving itself BEARISH!!)

3 CHARTS — WHEN IN DOUBT — STUDY THE KING AND QUEEN — AND OF COURSE  THEM

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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) 2018 JBP cons, inc.  All rights reserved.

BTC XBT ETH STR crypto market early updates 3 9 18 8:15 AM EST

NOTE: tl:dr

Bottom line: BTC needs to move up from here, and close inside failed bullish pattern on 1 hour XBT futures chart.

While altcoins might outperformed BTC ST/IT fiat might be the best position (this was the low prob path we mentioned in our updates earlier this week and why we said scale in SLOWLY to altcoins- sometimes the low prob path wins…..)

and here are the details…..

There has been a strong bullish IT case for the last several weeks but the last 3 days this case has been destroyed with high volume drops through key support levels — most recently the key $9500 level — we also often say that VOLUME DOESN’T LIE and the high volume drop has so much power we’ve already tested the next key target of $8400 and we’re still early in the trading day.

News is explaining this drop as a liquidation of the huge Mt. Gox bitcoin position that took the market by surprise.  That’s certainly possible but considering there are multiple signs the “top is not in”, there are plenty of new whales who can buy as much BTC as they want and the fact we created a nearly perfect double top around $11700 say it’s not probable, and trading patterns, indicators and targets are still more important than news and can help us trade SAFELY and profitably.

BTC: MULTIPLE SIGNS “TOP IS NOT IN” BUT SERIOUS RED FLAGS

We have been screaming about the importance of $9500 level BTC for weeks, and now we’re below it.  That means we’re in dangerous territory for the ST/IT bullish case.  However, patterns still show prices above $12000 in BTC’s future, but WHEN is always the key question for successful trading.

As the charts below show we are now in the middle of a good size bounce from right at the key $8400 level and that COULD be the bottom, but there are now serious red flags like a failed pattern on the 1 hour XBT chart that did not exist when we shared yesterday’s bottom set up around $9500.

ALTCOINS:  Bullish vs BTC Continues but now problems vs USDT!

We shared multiple bullish signs for altcoins vs BTC like the ETH chart yesterday (shown again for reference.  However, STR/XLM (chart shown below) and REP both broke their crash lows already today.  Close is what matters and both are well off the lows now.   STR and REP have been indicators for altcoins from time to time, but they are not KEY indicators so maybe their new lows are not an indicator altcoins are in trouble vs USDT, but we’ve seen this divergence in the past in a prior down move (ZEC) and it did prove to be an indicator that the altcoin market was heading lower.

ST/IT ALTCOIN TRADE STRATEGY – LT at risk too?

It’s too early too know if altcoins will drop vs USDT or BTC or both, but we are in a seriously dangerous set up here and the highest prob trade strategy is to wait and see how things close next two days before adding to any altcoin ST/IT positions.  Of course positions should be scaled back or exited if your stop ranges are hit — and if we see another serious drop early today, best to honor stops intraday and look to reenter closer to the close.

Finally, we now need to take a hard look at our LT altcoin positions as pattern failure of current crash lows could lead to MUCH lower prices and it might be safer to be on the altcoin sidelines and wait for a new confirmed bullish pattern.

4 CHARTS — VERY DANGEROUS SET UP – -BUT IT/LT KEY TARGETS CAN BE TRADED (keeping big picture in mind LT “Top still not in”)

btc early 3 9str early 3 9xbt early 3 9ETHBTC early 3 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) 2018 JBP cons, inc.  All rights reserved.

 

BTC XBT ETH crypto market early updates 3 8 18 10:10 AM EST

NOTE:  Any experienced trader knows it is extremely hard to call tops and bottoms and impossible to guarantee — all we can do is build the strongest case possible and assess the probabilities.  We may present 10 of these bottom trades before it pays off — OR this one could be right — the key is you can trade them all and be profitable for the long-term if you TRADE SAFE.

The current set up described in great detail below as MODERATE PROBABILITY–there are red flags but there will always be red flags…..

What is HIGH PROBABILITY is that you can set up SAFE TRADES ST/IT for both BTC and Altcoins with the current set up and the risk/return ratio makes it worth doing so.

But let’s be crystal clear — YOU CAN LOSE MONEY EVEN ON A SAFE TRADE.  You must be okay accepting losses to win in the trading game long-term (and we know many subs are!)

HERE’S THE “SAFE BOTTOM TRADE” Details with key charts BTC and ETH

NOTE: Bullish for altcoins that ETH is now showing the same “stealth” bullish signs we’ve been showing in other altcoins–but remember NOTHING IS CONFIRMED — so be careful with position sizes and absolutely honor all stop loss / exit strategies for ST/IT Funds.

Yesterday’s strong fall for BTC (and altcoins though not the exact same set up) is being blamed on Binance, the SEC and all sorts of other news.
We believe that the news follows the charts and can often offer great trade opportunities if you know key price levels — or put another way — the fall is because THEY wanted it to fall….
From a technical standpoint it was another retest of the critically key 9500 key target range I shared with you in our prior analysis. You’ll notice the close yesterday was $9925 after a drop below the critical $9500 level with very high volume — looks incredibly bearish — exactly what THEY want you to think….
Then today (after 5 PM PST) the 9500 range was tested again low of $9510 — but this time ON LIGHTER VOLUME–this is called a retest and showed there were fewer sellers at the key target range.
That technical analysis plus wave patterns confirming (which they do–can send you info on this if interested) are all signs of THE BOTTOM
While nothing is guaranteed — this set up presents a potential highly profitable and more importantly SAFE trading opportunity where you can enter trades using yesterday’s low as a stop (or a slightly higher probability stop of  the prior low –see charts)
The first target is $12000 and that would also be a breakout of a bullish pattern with a target of $17000 — we want to watch for increasing volume if/when we get back to $12000 and beyond–that’s a confirmation we are in a new bullish wave.

AS FOR ALTCOINS

They have a different set up but interestingly they are now similarly bullish to BTC and can be traded the same way (this refers to large cap altcoins – generally the ones that trade in USDT on poloniex). We show ETH in the charts below as we believe ETH is the altcoin leader and has a high probability of being part of any significant bullish move for altcoins.
Note that nearly all large altcoins show the same set up (“in sync” supports the bull case) and we have seen stronger price action from XMR and STR than ETH so be sure you study which altcoins make the most sense for your trading strategies!

4 CHARTS  THE KING BTC AND THE QUEEN ALTCOIN ETH– READY TO DANCE?

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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) 2018 JBP cons, inc.  All rights reserved.