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!

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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.

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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.

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BTC ADA BCH XRP IOTA DCR crypto market wrap vol 14 issue 1 June 3, 2018 11:59 AM EST

NOTE:  The slow grinding short term bullish trend continued today and all patterns/trade strategies shared in prior posts are still in play.  We’re sharing a number of charts we haven’t covered recently in this post (and will follow up with more tomorrow like ETH, DASH, NEO and  XMR) to help offer an even broader picture of the crypto market that supports the current set up which is

SLIGHT EDGE TO BULLS

Why only a slight edge?   Here’s a couple of takeaways that help explain:

  1. Strong bull waves don’t like to wait around for everyone to join in and make money and this market is moving WAY slower than typical bull waves (with a few exceptions –see BCH chart below).
  2. Volumes are very low and we’re seeing almost NO “moon shots” or even pump and dump type bull moves — those usually happen even if BTC goes DOWN, so this is a red flag to get a bit more defensive.

Charts show a lot more details– We think DCR is especially interesting and worth watching as it’s still under the radar but has a very strong set up for a HUGE MOVE that for some reason simply is not happening…YET (which we think could also be true for the entire market)

Bottom line is there will be higher probability set ups for entering trades so review your positions and be sure you have 100% confidence in each position or adjust it and have ONLY CLEARLY DEFINED SAFE TRADES IN PLACE.

MULTIPLE CHARTS — GRINDING OR COILING?

NOTE: Gaps tend to get filled and now XBT has gaps above AND below current price — keep that in mind in all ST trade strategies.  XBT chart from Friday shown for refernces 1st:

If you have any altcoins you want to see updated please write us at cryptopatterns@gmail.com and we’ll try to include as soon as possible.

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Showing all charts vs BTC as market continues to move with BTC and we want to see which altcoins have highest prob of outperforming BTC….

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BCH

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BTCUSD

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DCR Decred

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IOTA – note this was special request chart from earlier- has similar set up to BCH but dropped today–pattern still valid as we post this:

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XRP

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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 STR XLM crypto market wrap v 13 issue 14 May 31, 2018 11:59 AM EST

NOTE:   LONG TERM UPDATE COMING SOON. 

New month starts tomorrow — As we have done the last 2 months for subscribers (see category on your right), we will be doing a LONG TERM UPDATE for key cryptos in the next few days that will cover “big picture” for the crypto market with detailed charts and UPDATED LONG TERM TARGETS –we think this is valuable for evaluating IT/LT trading strategies — so watch for that….

Now for today’s update:

As noted in yesterday’s market wrap there were multiple bullish signs that indicated we might see the bearish reversal pattern fail and that’s exactly what happened.

However, unlike a powerful bullish wave like we saw late in 2017 we didn’t explode higher but instead drifted back right to the pattern failure level — leaving us with mixed signals.

We’re sharing a few key charts here to show you why we still see a

SLIGHT EDGE TO BULLS

HERE’S THE ROADMAP FOR TOMORROW

If current probabilities play out, we should see some strength soon (as in next 1-2 days) an go fill that gap at 81xx on the XBT chart (Shown below) — STR/XLM (shown below) is saying large altcoins will likely go along for the ride GNT (chart not shown- see yesterday’s post) dropped hard but has started today’s trading with a solid reversal pattern, so that’s worth watching too

If we DON’T see strength in BTC XBT, STR, and possibly GNT then we’re likely to retest $7250 BTC with altcoins dropping as hard or harder and it will be time to watch LTC to see if its going to break its $100 crash low.

Whatever happens, we’ll be watching closely as there are multiple indicators and news that show big moves on deck sooner rather than later — the weekend is coming EOS is going live among other things…..

Don’t play games with your trading in this volatile set up.  STAY SAFE = Have a clear trading plan and execute without hesitation.

3 CHARTS  –  GAP FILL OR TEST CRASH LOWS — WE’LL KNOW SOON.

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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 reservedD

BTC XBT GNT TRX crypto market wrap vol 13 issue 12 May 30, 2018 9:00 PM EST

NOTE: There are MANY things we’re watching in the crypto market :

  1.  Let’s start with a LOT of big events — TRON has a mainnet launch scheduled for TOMORROW, EOS on June 1 or 2 — here’s a link to a calendar to see more https://coinmarketcal.com/
  2. BTC and other key cryptos showed a bearish higher high reversal in price today
  3. We still haven’t seen crash lows broken for LTC and BTC
  4. GNT — showing great strength — patterns are big fans of GNT as we’ve shown in multiple recent posts — but what does a huge green up day mean when BTC is reverrsing bearish?

Let’s add to that list that tomorrow is May 31 which means the end of a MONTHLY candle – that can cause some fireworks in the trading programs of whales, bots and algorithms.

We’re watching more but we’ll stop for now, share some key charts and update as needed.

Bottom line is we’re set up for BIG MOVES and the weekend is right around the corner — this is a very good time to STAY TUNED.

5 CHARTS BTC AND LARGE ALTCOINS SAY WE GO LOWER BEFORE WE GO HIGHER — GNT AND OTHER INDICATORS SAY MAYBE A BULLISH SURPRISE….

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click on GNT link for prior charts and trade strategies

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5/12 TRX chart shown below for reference trx market wrap 5 30

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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 OMG crypto market wrap Vol 13 Issue 11 May 29 2018 1:55 AM EST

NOTE:  Patterns anticipated the holiday head fake and the recovery above key $7250 level with higher volume when “regular” trading (and $XBT futures resumed).   That was an outstanding entry/reentry trade we know some subs took advantage of — keep that trade strategy in mind for future trading when we’re at key levels on a lower volume holiday period…..

Patterns also nailed that XMR would break it’s crash lows vs USDT and shortly after that we had a strong reversal for the entire crypto market.  Coincidence?  Maybe, but we see a pattern forming that we’ll cover in future posts…..   LTC and BTC DID NOT break crash lows on this move so far.

Today we have a very clear set up on many of the key cryptos like BTC, ETH, EOS, BCH, STR/XLM and others and perhaps most importantly XBT FUTURES (several charts shown below).

The takeaway is we’re either going to see follow through (bullish edge) or reversal (bearish edge) and either way will help us define safe trading opportunities as soon as the close today or over the next several days.

Patterns also indicate that we’re not done with BIG MOVES–SOON — we’re seeing some excellent bullish set ups but by no means do we have an “all clear” to skyrocket straight to new highs so definitely STAY SAFE and STAY IN THE GAME.

4 CHARTS — FOLLOW THROUGH OR REVERSAL — CLOSE IS WHAT MATTERS….

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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 EOS ETH ZEC crypto market wrap Vol 13 issue 10 May 19, 2018 10:25 PM EST

NOTE:  We could share many charts that show the same pattern as of today’s close, specifically a bearish higher high reversal pattern that usually means more downside.  Considering today’s reversal happened one day after many large cryptos (BTC, ZEC and others) had a bullish reversal pattern today’s price action shows:

MIXED SIGNALS AND NO TRADING EDGE SHORT TERM

But the more important takeaway is we really can’t put too much faith in day to day patterns and indicators at this phase of the wave cycle.  We need to respect that the market continues to do all it can to shake out both bulls and bears before the next big move.

MORE IMPORTANT PATTERNS AND INDICATORS

So short term trading is basically gambling at this time and that needs to be factored in your trading strategies.  IT and LT are a different story but as the charts below show, we could see BIG MOVES either way before the market shows a real sustained move.

That said, based on many longer term patterns and indicators and understanding this can change once real moves start — we stand behind our prior updates that probabilities say:

IT and LT Edge is to the BULLS

However, for now, until we see a clear, confirmed breakout or breakdown, trade strategies need to consider much wider price ranges and tighter trailing stops and profit taking.

4 CHARTS — TIME IS NOW THE FOCUS

NOTE:  Best not to front run these patterns — some of these patterns could still take more time to fully form (restest, etc).  However, most are far enough along to have a BIG move at any time so have a clearly defined plan!

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ADDITIONAL NOTES ON ETH CHART :

  1. Patterns are more clear on the USD charts — ETH and other altcoins vs BTC are similar overall
  2. Other example altcoins with similar chart to ETH include: BCH, STR (XLM), DASH, LTC and multiple others.  Study individual charts to firm up your trade strategy but be sure to watch to see if all break down or create pattern failure together.

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NOTE: EOS and ZEC have more bullish charts than most altcoins and therefore add to the bullish case overall but BTC and ETH still support no trading edge short term.

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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 BCH ZEC crypto market wrap Vol 13 issue 9 May 15, 2018 12:45 PM EST

NOTE:  ZEC has a very bullish chart at the moment.  Unless we see some sort of a huge volume crash (low to mod prob) ZEC is high prob to retest the current highs and the pattern targets are of course much higher.

So ZEC leads us to the following question — Is ZEC going to move higher while BTC and the rest of the crypto market tanks?  While there is very good news for ZEC, a big move up without BTC moving up as well would be unprecedented (at least for last 2 years).

On the other hand, they can crash the entire market to new lows INCLUDING ZEC and BTC — that we’ve seen before!

We think ZEC and BTC are good market indicators — the charts below show a few more.

GENERAL TRADE STRATEGY NOTES (also see yesterday’s post as BTC $8400 level still very much in play):

1.While they can take price wherever they want at any time — we’re staying with IT edge to bulls but the lack of follow through leaves ST slight edge to bears = STAY CAUTIOUS AND DEFENSIVE is highest prob for safety and profitability ST — there will be time to get aggressive when better pattern set ups emerge.

2. We scanned the smaller altcoin market cryptos that had very bullish charts — most are pulling back and threatening bearish moving average crosses — GNT, OX and DGB are examples.  We think the charts below mean more to the market than the small altcoins but we’re watching and will post updates as patterns emerge.

3. We’ve shared stop levels in prior posts and also encouraged trailing stops or taking some profits — NOTHING is going up and staying up– until it does — and we can’t just guess when they will be and trade safely.

3 CHARTS  – BCH ADDED TO “WATCH LIST”

BTC chart not show but if we close above yesterday’s low that would be a bullish lower low reversal pattern = more upside likely.  Same set up here for XBT but don’t rush to add to long BTC positions — plenty of bearish signs at the moment….

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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.