BTC XRP crypto market wrap Vol 7 Issue 5 12 7 2017 11:45 PM EST

NOTE:  We tell subs all the time THEY KNOW THAT WE KNOW.  Altcoins spiked after the close, right after they looked about as bearish as possible (ETC and BCH for example) — should you buy? sell? hodl?

tl:dr — RESPECT the power of BTC before you buy or even decide to hodl ANY altcoin.

Details (highly recommended reading)

The answer is -YOU NEED A PLAN.  Here’s some tools to help you build one:

NEVER PANIC BUY OR SELL –

Take a step back, check the charts, review your plan — is it a ST IT OR LT position.  What would you tell someone else to do?  REMAIN CALM– TRY NOT TO CHASE UNLESS YOU’RE SURE YOU’RE RIGHT (and you rarely will be chasing a trade so keep that in mind)

FIND A TREND AND/OR PATTERN AND DON’T FIGHT IT UNLESS YOU’RE SURE YOU’RE RIGHT   

BTC is on a “parabolic pattern” with a target of $20,000.  Does YOUR research say BTC going to $20,000?  Should you be BUYING altcoins or SELLING?

A few specific examples:

ETC — Bullish LT chart but hammered last 2 days with BTC going up — Maybe you don’t sell here due to the spike but don’t enter till you have reason to believe BTC will stop going up because as of today that means ETC will go DOWN.

STR– has been stronger than most altcoins though not as strong as BTC last 2 days — the patterns show higher targets for STR so if your research supports it you could consider scaling in with a small position as BTC continues to go up because STR has proven some strength as BTC skrocketed.

Now this “find a trend or pattern and respect it” strategy will be WRONG at times, but it’s what probabilities say give you the best chance at LT trading profits — does your approach give you that edge?

BOTTOM LINE TAKEAWAY — Just because altcoins spiked after the close NOTHING HAS CHANGED — close is what matters (and in this market we’d like to see a follow through day too)–

for now it’s BTC UP/ ALTCOINS DOWN (except for NXT and possibly STR  and XMR which  coincidentally have all been successful trades during our free trial!

Make sense?  If not write us at cryptopatterns@gmail.com with questions

2 CHARTS — SHOULD YOU BUY XRP NOW?  Only you can decide but there’s a bullish case to be made even vs the mighty BTC….

Note: We can make a bullish case to buy nearly every large altcoin but only XRP has a BIG MOVE WITH VOLUME, higher targets to justify the risk as well as a bullish pattern so you can trade safely.  You trade at your own risk but with a good plan you can focus on trades where you have an edge

BTC market wrap 12 7XRP market wrap 12 7

 

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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XRP real time update 11 16 17 8:50 AM EST

NOTE:  Welcome to the world of ST Hedge fund trading — they show a bearish pattern for XRP — show masssive selling, then spike it higher.

We never got stopped out since the shady trading but if you got shaken out do not worry — things COULD just be getting started and you can trade this safely adding now using the following chart/pattern.

Red flags — no move from STR (though it moved up nicely last few days)

Altcoins are not moving up in sync — thought NXT is showing bullish signs and other larget altcoins are holding steady for now.

More charts soon–wanted to get this to you asap

NOTE:  Breakout level for XRP = .00003550 range — just hitting that range now…..

xrp real time 11 16 17

 

 

 

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.

XRP Ripple real time update 10 14 17 11:35 AM EST

xrp real time 10 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.

STR Stellar XRP real time update 8 22 17 1:10 PM EST

NOTE:  STR and XRP are worth watching even if you don’t trade them–they were “fast movers” during last bull waves so how they perform could be an indicator that supports new bullish wave case for rest of large crypto market.

str real time 8 22

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!

XRP real time update 7 10 17 Midnight EST

NOTE: Couple of XRP charts to consider….If you are scaling into trades — waiting until XRP tests .13 might be a good strategy before adding to positions — and please keep blocks SMALL — XRP did get the expected bounce around .17 so might watch the 2 hour chart to see if it’s holding before considering scaling at these levels.  We still can go days to go on the “buy signal” discussed in market wrap — WE CAN GO A LOT LOWER so scale in conservatively….

xrp real time 7 10

here’s the pattern we posted a couple of days ago that’s in play currently.

xrp head and shoulders 7 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) 2017 JBP cons, inc.  All rights reserved.

STR XRP real time update 6 25 17 9:00 PM EST

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) 2017 JBP cons, inc.  All rights reserved.

str real time 6 25xrp ireal time 6 25

LTC STR XRP XMR Crypto market updates 6 20 17 10:55 AM EST

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) 2017 JBP cons, inc.  All rights reserved.

NOTE:  Dash still matters but so do other large cryptos — case outlined in Market Wrap over last few days has gotten stronger over last 12 hours.  Reminder: you can always catch the bus after confirmation — please use responsible position sizing and management and DEFINE ALL TRADES (see today’s blog post that offers guidelines for defining trades)

ltc update 6 20str update 6 20xmr update 6 20xrp update 6 20