LTC BTC litecoin real time update 2 13 18 10:00 PM EST

NOTE:  We’re at or beyond breakout levels for BTC and most large altcoins, though some are moving faster than others and they keep pulling back price after spiking it higher (even ETC though that has appeared the most legit breakout so far)

Now it’s LTC’s turn in the rotation and we shared the bullish pattern a few days back (shown again below for refernce).  We’re still in an environment where taking profits on good size moves up make sense so keep that in mind.

The bigger question we’re watching closely is how these altcoin breakouts are performing against BTC — because even if we’re headed into a bullish wave cycle it doesn’t mean BTC and all the large altcoins will stay in sync so we want to build the strongest case possible for any positions we hodl other than BTC.

LTC has looked like it was going to the moon before vs BTC, only to crash much harder — but as of now the chart is looking bullish–so we now add LTC to the list of “must watch” coins along with XRP.  Let’s see if the target gets met or if something else is going on….

LTC market wrap 2 12LTC real time 2 13

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 ETH LTC crypto market early updates 9 26 17 10:40 AM EST

BEFORE YOU READ TODAY’S POST/REVIEW THESE CHARTS

Patterns, targets and indicators from the last several days are all still in play and should be used along with your research for ST/IT trading strategies–today’s post is for perspective and some bigger picture keys to keep in mind (including for LT positions)

NOTE: The last couple weeks since BTC 5000 have been the toughest trading weeks we’ve seen in crypto — and possibly any exchange anywhere.  You are up against whales and bots and now news and governments have entered the picture and have to be considered.  We hope cryptopatterns newsletter is a good insurance policy for you to STAY SAFE!

With all that against us, patterns have delivered accurate information on the range and most of the moves during this insane cycle.  Two thoughts summarize where we’re at are

  1. Fiat Cash is a position and can be THE BEST trade at times (esp ST/IT)
  2. If you’re trading ST/IT have a clear plan for position size exits and entries and expect to get stopped out often.  If you don’t you are not trading safely–and you’re risking nothing less than your entire trading future — period.

3 CHARTS WHAT DOES THE BTC EXCHANGE HAVE TO SAY LONG TERM??

So we’ve delivered useful patterns and targets that are all still very much in play and yesterday we started looking at diff time frames —

Today we step back and look at the BIGGEST PICTURE — the long term daily charts for the big 3  but we’re sharing them from the BTC exchange for ETH and LTC to see what traders are doing who are hodling BTC.

We noticed volumes have dropped dramatically overall in the BTC exchange and this could mean that EVERYONE is hodling BTC and shifting out of altcoins.  If that’s true then the BTC bus may be getting a bit crowded and we want to stay aware of that….

CAUTION — the charts we’re using are from poloniex and could be skewed due to people leaving that exchange to go trade on Coinbase or other large exchanges — we feel poloniex has the most history on the chart (that we could find) and the fact BTC volume is as strong as ever tells us these charts have a mod to high prob of reliability.

Trade thecurrent shorter term  patterns and the key targets  — but stay aware of the bigger picture indicators these charts have to share — at the least you won’t find youself saying

  • BTC CAN’T go lower than $2200 (charts say another 50%+ down mod prob IF we get there) or
  • LTC will bounce back if the huge head and shoulders breaks down and confirms.

btc early 9 26eth early 9 26ltc early 9 26

 

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.

LTC Litecoin real time update 9 15 17 11:15 AM EST

NOTE:  All bullish patterns and targets have been met with volume so far today — this supports using trailing stops for position mgmt more than taking profits exclusively (maybe a little of both is best while we determine what sort of move we’re dealing with).

ltc real time 9 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) 2017 JBP cons, inc.  All rights reserved.

LTC Litecoin real time update 9 14 17 7:45 AM EST

NOTE:  Everything in the BTC real time post just posted applies to LTC as of now.  However, the volume divergence for LTC we’ve noted in multiple prior posts needs to be more strongly considered in trading strategies for LTC than BTC.

ltc real time 9 14

 

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 LTC XMR real time update 10:38 PM EST

NOTE: Let’s start with charts then share details — hopefully easier to follow update that way.

xmr real time eve 9 13LTC real time 9 13 eve

LTC and XMR both have something to say about current market behavior and it relates to what we mentioned about moving average crosses in early real time updates. (BTC update below but we want to add more to chart so watch for update w/chart later)

The moving averages on the ST time frames have all had a bullish cross over the last few days but neither has seen that cross on the 4 hour chart — meanwhile both of them are moving towards a BEARISH cross on the daily chart.

Got it?  If not, study the charts — this was the pattern that kept probs on the side of a nice recovery — but let’s be honest, except for XMR – this pattern did not perform well–you should be able to explain why so if you are confused ask questions so you can follow this pattern in the future — in bullish waves it can be incredibly profitable….

One final thought–we’re not sure exactly what the price action says about XMR but we can say it’s NOT BEARISH (high prob anyhow 🙂 )  — doesn’t mean XMR won’t go lower soon though–see chart below for details

We’ll update BTC soon but if you’re watching it the 4 hour chart MA’s look just like LTC’s BUT the DAILY has already had a bearish cross –LTC has not crossed on the daily yet —  that will definitely limit upside ST for BTC  –we’ll detail later.

Needless to say — we are watching closely for our “in sync” premise which has served us so well for months — things are definitely shifting but high prob trading says assume right until it’s proven convincingly wrong.

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.

LTC Litecoin BCH Bitcoin Cash real time updates 1:20 PM EST

NOTE: LT Pattern we identified in early updates yesterday FAST DROP — FAST RECOVERY

So far today that’s exactly what we’re seeing……far from over though….

It wasn’t pretty, but patterns got subs on the right side of the trade again — FOR NOW — close is what matters and we could easily drop to new lows where the hard stop patterns suggested in last post should be honored for all large cryptos (possible exception XMR and REP–have to assess if we get there.

We hope out more disciplined subs added at lows and can now lock in profits on ST trades using position mgmt.  Might want to set stops at B/E for IT (keep reading)

We hope for all subs this shows the value of using stop ranges to trade confidently– allows us to reassess and determine if probabilities call for reentry — so far today–they did…

Now on to a bigger issue — We started analyzing LT patterns yesterday and if we can follow through on this “stick save” today – – the BTC pattern in yesterday’s early updates is still very much in play.

As the chart below details, the high volume for LTC could be an indicator (along with BCH (which continues to act very bullish) we will see the next big move sooner vs later vs historic patterns show we will grind around in range for some period of time.

LTC’s close today is important–potentially for our bullish LT case as well as for the entire crypto market.  If other cryptos like BTC ETH and XMR decide to ramp up volume, close becomes even more important.

The takeaway?  WATCH CLOSE TODAY ESP FOR LTC — AND

STAY SAFE — honor stops on ST/IT trades — we have very little wiggle room for the ST/IT bullish case — also —  if we turn up convincingly today — you’ll want to focus on how you plan to manage your positions in terms of entries and taking profits.

questions let us know at cryptopatterns@gmail.com

LTC real time 2 9 13

and here’s the BCH chart from yesterday for reference.

bch early 9 12

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.