BTC XBT DASH ETH NEO DASH crypto market early updates May 5, 2018 9:55 AM EST

NOTE: LONG TERM CHARTS UPDATE:  COMING NEXT DAY OR TWO — will include LT outlooks for top 10 cryptos and more — we may share a few ahead of time on our daily posts but are hoping to send a complete post for your review.

CURRENT MARKET CONDITIONS

BOTTOM LINE — we’ve already seen lower prices today consistent with patterns, now we are set up today for a bullish reversal that will keep edge with BULLS and make $81XX target mod/high prob ST — if we close below yesterday’s low, edge will then be with BEARS and test of $7250, and even a break of $7000 becomes mod/high prob.

MULTIPLE CHARTS  THIS IS WHERE THE MONEY IS MADE (AND LOST)

NOTE: whatever happens ST, a strong trade strategy could lead to significant profits ST/IT — prior posts cover MANY altcoins worth studying — we’ll keep adding more to help identify the highest prob SAFE trade opportunities.

dash usdt early 6 5ETHBTC

neobtc early 6 5

xbt early 6 5XMR early 6 5

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 Futures NEO Real Time Update 2 26 2018 1:10 PM EST

NOTE:  See prior posts for last 2-3 days for overall crypto market update as patterns have been extremely accurate.  We indicated in prior posts that we see this week with mod to high prob potential for BIG MOVES and so we do have a few updates worth sharing .

While patterns are far more important to safe trading than news, sometimes news is worth nothing and today brought “news” that Poloniex exchange is being bought by Circle which is owned by Goldman Sachs.  That certainly adds to the bullish case for crypto as it brings an investment leader into the exchange marketplace.

We have seen a bullish move in response to that news but we strongly encourage sticking with defined trades based on patterns, indicators and targets as Goldman Sachs is not well known for handing money to the little guy trader, so we want to be sure we stick with the probabilities for our trading edge vs going all in on good news.

The GAS trade below is worth watching even if you don’t trade it because it trades on limited exchanges and only in BTC — this COULD mean something to the ST/IT altcoin vs bitcoin case (something to watch VERY closely!) case if we see a strong Wave 3 style move from GAS — but it’s a SAFE trade with strong upside and limited risk in any case.

 

3 CHARTS — BIG MOVE WEEK?

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Volume doesn’t lie — Goldman Sachs bought a crypto exchange — THEY aren’t buying it….YET–but the potential for an explosive breakout is coiled and ready.

xbt real time 2 26

 

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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 NEO crypto market wrap Vol 9 Issue 7 January 29, 2018 11:00 PM EST

NOTE: This is a good time for traders to review two of our recent posts

Trader Mindset  from 1/26 post

and today’s post on reversal candles.

Both are in play nearly every day in the current market trying to decide if we’re on a bullish or bearish path.

As of now, the edge is still with the BULLS, but, as we’ve seen multple times over the last week, every time they confirm a ST bullish pattern, they grind prices back down to scare out any weak hands — and that’s where we are right now.

However, there is a big exception to the current pullback, and we think it means SOMETHING.

NEO – BULLISH MOVES WITHOUT BITCOIN OR LARGE ALTCOINS

As the chart below shows, NEO had a very strong bullish day with increasing volume while BTC, ETH and the other key altcoins closed red.  In addition, NEO’s related currency GAS was even more bullish (see chart below).

What’s going on here — is there big news coming for NEO?  Is this just a big headfake for NEO AND GAS to get traders chasing before they tank the entire crypto market.

As always, anything is possible, but a NEO/GAS headfake before tanking the crypto market is not high probability.

We think GAS adds to the bullish case at least for NEO and mod prob for the larger crypto market/  It has moved up with significantly traded in USDT and it’s only traded on Poloniex for exchanges eligible for US investors.  So we’re watching GAS for a breakout of it’s strong bullish pattern which we think adds to the bullish case certainly for NEO and possibly for the larger crypto market.

4 CHARTS — NOTHING’S CHANGED (until it changes) — Edge still with bulls–now with GAS 🙂

BTC market wrap 1 29

ETH market wrap 1 29

GAS market wrap 1 29neo market warp 1 29

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 1etc market wrap 12 1zec market wrap 12 1

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.

NEO real time update 11 24 17 1:40 PM EST

UPDATE 10:35 PM EST — NEO has moved up strongly with high volume spike since close — while NEO closed red it was an inside day (closed above day before low) so this qualifies as a reversal day and trade strategy shown below is still in play–be sure to consider stop loss ranges in your trade strategy.

NOTE:  TRADE STRATEGY FOR FOLLOWING CHART — these are updated from prior NEO posts:

If close red wait for better bullish set up….

  • Could enter at close today (if green close) with stop < lows of today. (conservative stop range)
  • <27.50 moderate
  • < recent lows (22.50 range) aggressive stop

If using moderate or agressive stop range scaling in is higher prob as current bullish pattern might fail which means higher prices will take longer to achieve

NOTE: should say NEOBTC chart not as BULLISH as USDT chart shown here.

neousdt real time 11 24

 

 

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.

NEO real time update 11 18 17 10:40 AM EST

NOTE:  NEO had big move yesterday but it means SOMETHING that we’re seeing such strong follow through today.  Neo has had bullish upside for some time but has gone through the same headfakes and other large altcoins (that are also traded in USDT).  This time APPEARS to be different for NEO …. we’ll see….

neo real time 11 18

 

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 BCH NEO real time update 11 14 17 10:50 AM EST

NOTE:  No need for a full early update as market wrap from yesterday is still where patterns are at so far today.  We came very close but did NOT see the “higher high” on BTC so far today so don’t get too bearish unless we see $6150 broken with volume.

We’re also watching NEO which seems to be moving similarly to ETH but nothing in charts worth sharing at this time….we’ll update if anything new emerges.

For this post, we’re sharing the BTC charts we recently tweeted to introduce a possibility that we have not mentioned in prior posts:

BOTH BTC AND BCH UP (or BOTH DOWN)

Until today, there has been little support for BTC and BCH to both move up, but BTC not making a new high before reversing AND the bullish pattern on the BTC chart raise the probabilities that BTC will go up.

As we’ve shared BCH has plenty of signs that the bulls have the edge.

So, despite the multiple bearish indicators BTC has shown, we will raise the probabilities of BOTH going up from LOW PROB to

LOW TO MODERATE PROB

We still consider it LOW prob that both BTC and BCH will go down together — possible but not probable.

What does this update mean for Altcoins?

Not too much at this time because the probabilities are still higher that BCH and BTC will move in opposite directions but of course watch if there are BIG MOVES to see if something in the patterns has changed (and we plan to update of course).

btc twitter am 11 14btc twitter price 11 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.