CHARTS ADDED BTC NXT crypto mkt wrap Vol 7 Issue 12 12 17 17 12:45 AM EST

tl:dr   PROTECT YOUR GAINS (they are not yours if you do not keep them!!)

CLOSE IS WHAT MATTERS — EXPECT EXTREME VOLATILITY AT LEAST NEXT 24 HOURS

While indicators look like this could be just another short pullback for BTC, and altcoins look like their hodling up well (some are downright bullish-NXT), there is no guarantee that this is not the start of a MEANINGFUL ABC CORRECTION which could lead to a drop of 50% or more — likely for most of the crypto market (possibly including NXT!!) .

Today’s close will be the first big test — if we close below yesterday’s low, high prob we test lower moving avg (BTC 14750 range) and possibly much lower — STAY AWARE.

MORE DETAILS AND CHARTS

NOTE:  After some huge price swings, BTC finally dropped to close slightly red, then fell sharply towards the close (near when the CME futures opened hmmmm……)– since then price has recovered to retest breakout levels as shown in chart below.

Two large altcoins (DASH, ZEC) also saw large moves up to new highs before pulling back with BTC, both DASH and ZEC as well as MOST large altcoins still have pattern targets much higher than current levels and are still looking fairly strong — especially NXT which is breaking out to new highs as we type this.

WHERE DO WE GO FROM HERE?

They are doing all they can to make this market look bullish but time and patterns are indicating a slight edge to the bears.

Normally, that sentence would apply to the entire crypto market, but we’re still seeing some divergences in altcoins that say “this time COULD be different” and we could see FOR THE FIRST TIME in terms of a trend:

ALTCOINS UP / BITCOIN DOWN

Until that new trend is PROVEN (rigth now it’s BTC and altcoins same direction), If you’re trading, we think it’s best to not front run that new possibility and assume BTC will impact the altcoin market with RARE exceptions (see NXT chart below plus the stronger coins on the BTC exchange MIGHT see larger than average moves (We’re watching DGB, FCT, ARDR plus a few others)

Whatever happens, we stand by our highest prob trade (survival) strategies from our early update to

  • HAVE LOTS OF CASH (50% or more of ST/IT funds) – volatility such as spikes MIGHT offer safe entries OR cash might just be the best place to be tomorrow.
  • Take profits when you get them — things are likely to move fast
  • Have clearly defined stop ranges and honor them

btc daily 12 17BTC market wrap 12 17LTC btc mkt wrap 12 17LTC usdt daily 12 17 mkt wrap

NOTE: NXT took off to about $1.05 as we wrote this post — This meets all pattern targets for NXT so watch for steep reversal by end of day if BTC drops — if not could see much higher prices for NXT and we’ll post updated trade strategies IF that happens.

NXT 12 17 mkt wrap

 

 

 

 

 

 

 

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.

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BTC NXT DGB crypto market early updates 12 17 17 10:30 AM EST

NOTE:  If you are interested in staying on the side of highest prob trading probabilities you currently have a strong cash position.  For the positions you’re still in BTC or large altcoins ST/IT you’ve got clearly defined trail stops and have no problem honoring them and watching the bus leave without you if they get hit.  Patterns currently show no reason to adjust our LT positions.  That’s the current situation.

If you need key targets and stop range levels you can click on any cryptos category to see our most current updates…..

However

Even if BTC gets rekt today (next several days), we’re seeing signs that the LT case for BTC is still in tact and moderate probability the IT case is still in tact.  Here’s some support for that bullish case.

  1. There are multiple bullish charts for altcoins on the BTC exchange (of course there’s ARDR, but also XVG, ADA, DGB (chart below) and more) — These coins might shoot up to their targets if BTC drops but IT these smaller coins have not going higher without BTC going higher.
  2. Multiple large altcoins are still at or near their highs — pretty much all of them– most have patterns with much higher targets which could certainly be hit after a pullback.

Of course there’s a bearish case to consider, and we want to avoid just buying any dip that occurs (as so many will) but as we’ve shared multiple times, when a true correction/crash begins — it moves very quickly and leaves

NO PLACE TO HIDE

That has not happened yet (could today but hasn’t!).  So while we still see strong bullish charts, the SAFE TRADING music plays on.  For today that means locking in some profits and managing trailing stops – but it also means watching for new safe trading opportunities that could be coming soon.

BTC EARLY 12 17dgb early 12 17NXT 12 17 early

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 NXT XRP crypto market early updates 12 13 17 11:15 AM EST

NOTE:  Price action continues to be bullish overall with a move up followed by a good chunk of that move being retraced — given that we keep trending higher overall, that behavior would have be considered a “shakeout” pattern  = prices are mod to high prob to go higher.

What we’re looking for is a strong move higher with high volume that sticks so new crypto buyers feel like the have to chase trades to make the big bucks — BTC’s big move and LTC’s big move are good examples— Keep and eye on XRP as it’s showing signs of a runaway move without much pullback.

Two other cryptos to watch today are ETC (shown below) and BCH (not shown) — they have not seen the price increases of other cryptos but both are showing bullish signs with good volume — close is what matters so let’s see if they show some real strength in the large crypto market to create even more FOMO (when you’re SURE you need to go all in) before they pull the rug (IF they pull the rug–again just probabilities, no certainties–but high prob they pull the rug at some point!)

5 CHARTS – FINALLY ALTCOINS UP/ BTC DOWN?

btc early 12 13ETC early 12 13nxt 12 13XRP early 12 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) 2017 JBP cons, inc.  All rights reserved.

BTC DASH NXT STR crypto market wrap vol 7 issue 6 12 9 17 7:45 PM EST

Many charts to review below with important updates – – first here’s another reminder about what matters most right now– SURVIVAL.

3 keys to survival in this INCREASINGLY dangerous market:

  1. Keep some cash on hand (suggestion 25-50% of ST/IT funds — more is just fine)
  2. take some profits along the way
  3. 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.

FREE TRIAL GUESTS-THANK YOU! — today is our last day of free posts (subs watch for new pw tomorrow)— we hope you found the information helpful (if you didn’t find 6+ high profit trade strategies and a warning about today helpful all in just 7 days , please tell us what it takes to impress you!)

Anyhow — sign up for $25/month or $200 per year by DEC 15 if interested (links to subscribe on the side of the home page) or rates will be higher from that date forward.  Thanks a lot for checking us out and best of luck in your trading and STAY SAFE whatever you decide.

NOTE: We’re at an important stage in BTC’s WAVE 5 —

The only thing we’ll mention before showing many charts is that while ETH and LTC both closed green above yesterday’s high, SEVERAL altcoins (DASH ETC ZEC REP) closed with bearish reversal patterns today — let’s just say THAT’S NOT BULLISH.

Does it mean we are going further out of sync in a “flight to quality” where well recognized cryptos like ETH and LTC lead the way?  OR do they know we’re watching the most well know cryptos and ETH and LTC will fall with the rest of the large altcoins if the bearish pattern confirms?

And what does all this mean for BTC?  It actually broke down below it’s bearish patterns support but was able to recover — is that a retest before a bigger drop or yet another BTFD (buy the fing dip) on the way to $20,000.

RIGHT NOW THERE IS NO TRADING EDGE–VERY VERY MIXED SIGNALS.  That’s new in this Wave 5 for BTC….

This means the market got even MORE dangerous today than it already was–and we have futures to look forward to tomorrow

We think answers should come quickly in the next day or two which can create some great trade opportunities — IF YOU ARE POSITIONED DEFENSIVELY WITH CASH TO TRADE….

MANY CHARTS — MANY DIVERGENCES — ONLY CERTAINTY FOR NOW IS DANGEROUS MARKET!

btc market wrap 12 9Dash market wrap 12 9NXT market wrap 12 9str market wrap 12 9

 

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 DASH ETH LTC NXT crypto market early updates 12 8 17 8:45 AM EST

NOTE:  We are calling today’s update

THE CHRISTMAS PRESENT PATTERN

Why?  Because we have clear patterns all over the place which means we can clearly define trades and TRADE SAFELY.

However, just like a Christmas present, there’s no way to know the final result till you open the present — or in this case until the patterns play out.

But for trading in an incredibly dangerous market with BTC in a historic wave 5, this is as good as its gonna get.  Now it’s up to us to build our cases and trade strategies.

We will share some keys that we think are worth considering:

BTC

Remember in wave 5 they want everyone chasing to get on the bus — that has only happened for 2 days thus far and we have an untested $20,000 target.  Are they really going to tank the market right when the party is really getting started?  POSSIBLY – But volume thus far has supported the BULLISH case so we think there is at least an equal probability of a reversal today (or as noted in Market wrap a lower low reversal tomorrow).

NO TRADING EDGE CURRENTLY BUT BETTING AGAINST BTC HAS PROVEN DANGEROUS TO YOUR ACCOUNT BALANCE (AND YOUR HEALTH??!!)

ALTCOINS

Went from the brink of disaster to great bullish set ups, literally overnight — are you diving in or does that make you at least a little skeptical?  We’re well known skeptics so we would wait for clear bullish breakouts to the patterns shown below to enter new trades or at least keep positions a bit smaller (remember our 3 survival keys?)

With that said, NXT and STR (chart not shown) both have shown strength vs BTC in the last few days so keep an eye on those two altcoins if BTC breaks down or if altcoins break out as possible confirming indicators.

Bottom Line — It’s currently  MODERATE probability BOTH Bitcoin and Altcoins rally here– a true christmas present for everyone!   Fortunately we can follow patterns to trade safely.

Based on historic market action the path we can only call LOW probability is 

ALTCOINS UP/BITCOIN DOWN     

 It is absolutely possible–and it’s actually what we’ve seen since close yesterday 

but it’s NOT a high probability trade based on a lot of prior market behavior…..

Really a good time to be a skeptic–make the market PROVE itself to you and be sure to keep a CASH POSITION because BIG MOVES are here and they can be opportunities or crush you in a big hurry.

5 CHARTS  THE OLD BIG 3 AND NEW PLAYER NXT – CHRISTMAS PRESENTS FROM THE CRYPTO MARKET? HMMMM…..

BTC early 12 8dash EARLY 12 8eth early 12 8ltc early 12 8nxt early 12 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) 2017 JBP cons, inc.  All rights reserved.

NXT real time update 12 6 17 12:05 PM EST

NOTE:  As anticipated, the market is showing quite a bit of instability with spike moves on several cryptos right to key levels.

One example that we think is worth watching as an indicator is NXT which has been very bullish — but spiked down near the target of the bearish head and shoulders pattern, recovered very quickly (which supports the bullish case) and then spiked straight up to new all time highs.

This should have created pattern failure and a spike up in price but so far we’ve only seen a headfake and now price has fallen back inside the head and shoulders pattern.  From here, they can tank NXT down to the .30 range and even lower, but breaking the all time high and the head and shoulders pattern offers an edge to the bullish case probabilities wise.

WHAT TO WATCH FOR

  • If NXT closes green it creates a lower low reversal on the Daily chart which is bullish for the next 2-6 days
  • If NXT closes above the pattern (.50 range) that’s also very bullish
  • If NXT closes inside the pattern the dangerous conditions continue
  • If NXT closes red below the pattern high prob we see lower prices
  • Also continue to watch ARDR for confirmation of any strong NXT move
  • Compare strong moves and closing prices for NXT with other large cryptos–especially BTC XMR and STR which are edge to bulls and ETH which is edge to bears

Finally — the chart below shows the new bull flag that is now in place on the 30 minute NXT chart — high volume supports the bullish case — target could be as high as .75

TRADING STRATEGY 

If interested in entering NXT, scale in on any price drops with stop loss range below the breakdown level of the head and shoulders pattern (<.35-.3350 range)

NOTE: We reviewed the NXTBTC chart — same probabilities — this creates an even slightly larger edge to bulls since BTC has been so strongly bullish….

nxt126

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 NXT XMR crypto market early updates 12 5 17 8:45 AM EST

NOTE: Even though yesterday did not call for any updates WE ARE EXTENDING OUR FREE TRIAL 1 DAY to make up for no posts!  Want our free guests to feel welcome…. Don’t forget if you want to subscribe do so before December 15 to lock in current sub rates which will be moving up from $25 to $50 per month for new subs after that date.  Thanks.

Yesterday turned out to be a set up day with the most notable price action in

DASH  dropped to within .17 of the key support level shown on most recent chart that created the “lower low” reversal pattern  $725.24 vs $725,06

ETC  dropped to EXACTLY the key price support of $27.50 and reversed.

Clearly those are important support numbers so as we indicated keep an eye on them  Both are now starting DAY 2 of 6 of this pattern which we call a “sell pattern” because even though prices can go much higher — there is a high prob of a retest of the moving averages coming soon (and can happen any time now).

The rest of the large crypto market price action so far today supports an

EDGE TO BULLS

XMR is moving up sharply which is consistent with the Wave target of $250 we shared with you months ago.  There are new patterns that target that range as well shown in chart below.

In addition several of the moderate and smaller cap altcoins we mentioned in our last update have continued to look bullish (SC OMG STRAT VTC) but with BTC poised for another leg up we continue to think the highest prob for ST/IT profits is scaling in SLOWLY on dips.  There will be opportunities to add at higher prices if we see the potential breakouts possible for these cryptos.

Bottom line is for now general bullish behavior (some with increasing volume like XMR — however close is what matters) keep the SAFE but PROFITABLE trade strategy we’ve shared several times in tact.  We do expect sharp drops as a potential daily feature and we continue to expect that one of those drops will not recover but the probabilties say that is not likely to be today —

On the other hand please make sure clearly defined position management and exit plans are dialed in because the low probability path of serious downside is a very real risk that must be taken seriously.

3 CHARTS BTC XMR LOOKING UP NXT ??

BTC is showing a wide daily range but continues to move up towrards the most recent pattern target of $12500 or higher.  The biggest red flag continues to be low overall volume but as noted that can change at any time — also keep DASH and ETC’s sell patterns in mind as they will likely effect BTC for a BIG MOVE up or down if they confirm–recent price action suggests they’ll move in the same direction….

btc125 17

Monero XMR has the same basic bullish pattern as BTC with a target in the $275 range.  We’ve shared a wave target of $250 range with subs for months and today is showing high volume so if close green outside breakout level today high prob targets will be hit (don’t forget the safest trades look for a follow up day after a breakout)

TRADE STRATEGY  can add on dips or if pulls away can wait for retest of brekaout in $220 range   with cons stop <$200 mod stop (highest prob<$165   aggressive stop below that scale in slowly and use <$150 prior high as LT stop loss range.

xmr125

NXT now has a bearish head and shoulders on the 30 minute chart with

TARGET .30 range

However volume has decreased dramatically from the volume at the HIGHS (bullish) and there is bullish divergence.  Even if pattern confirms NXT continues to be bullish IT/LT but there is an equal probability due to other bullish signs of pattern failure which would have a target in the .65 range

Also watch ARDR closely — very bullish last few days and early today but has now stalled — has wave pattern targets much higher but will likely move in sync with NXT.  The key date for NXT and ARDR is an ICO valuation on Dec 25, so expect games until (and possibly) beyond that date —  NO TRADING EDGE — would not buy or sell here but if have an exit plan if already in position if we break down from head and shoulders – consider what’s going on with rest of large crypto market in building your trading strategy as well.

nxt125

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.