STR XLM real time update 1 22 18 11:10 AM EST

NOTE:  Close is what matters but there’s little doubt BTC around $10,000 and current price action in STR/XLM indicate we’re currently at important price levels.  Worth noting that price spiked up for STR right after we took the screen shot for this chart–would not necessarily read that as bullish–just confirmation we’re at important levels….

TRADE YOUR PLAN – This is what long-term trading is all about….

STR real time 1 22

 

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 XMR STR ZEC early updates 10 25 17 9:30 AM EST

BOTTOM LINE: Yesterday added to BTC’s bearish case and altcoins bullish case — but how we get to price targets is far from certain–so expect volatility and games.  Highest prob you’ll be very profitable IT/LT in your trading if you scale into new positions and keep a good percentage of cash available for now.

Here are some details…..

BTC is following the highest prob pattern and, as expected, has tested below the key $5500 level and bounced.   Now, the chart below shows you the new DOMINO PATTERN for BTC.  We have confirmation that BTC is high prob to retest $4700 – 5000 AT SOME POINT, and even the incredibly key target of

$4250

has reentered the picture — HOWEVER, there remain patterns and indicators that are moderate probability that BTC could retest the $6000 range so it could be UP first, then the dominos fall — but a large move up for BTC is definitely not a high prob trade–for now:

The IT edge is with the BTC BEARS

ALTCOINS

Charts show more clues that Altcoins will see higher prices–potentially much higher — once again the path higher is still very uncertain and after all the pain altcoin traders have been through it makes sense they will work hard to shake out as many as possible — so further drops are possible but we see them as opportunities to build IT/LT positions given the bullish patterns and signs.

The IT edge is with the large altcoin bulls (though all may not move in sync this time around –be sure you research each chart separately!)

That said, there’s not an “ALL CLEAR” signal for altcoins so plan your trade strategy accordingly.

4 CHARTS — TARGETS ARE INCREASINGLY HIGHER PROBABILITY — PATH TO REACH THEM STILL UNCERTAIN

btc early 10 25STR early 10 24XMR early 6 24zec early 10 25 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. 

BTC STR ETH STRAT early updates 10 16 17 2:45 PM EST

NOTE:  We’ve been watching market with set up outlined in ETH real time update posted about 12 hours ago — so far the scoreboard reads — THE TREND

BTC UP — ALTCOINS DOWN

However, there is a clear outlier in this equation and that’s Stellar — We haven’t see a huge move like that (well over 100% at various times) in a high volume crypto in a LONG time — as you probably know by know there was news of a partnership with IBM so we can explain the meteoric rise — but we think there’s more to the story — it supports our premise that the LT bullish case for high volume altcoins is still in tact and this bearish wave is simply trying to shake out weak hands (and we know for a fact it has shaken out many) before the LT bullish market continues.

So what’s the trade?  You can take a swing at Stellar if you like — but expect many games to be played (see the chart below) now that “everyone knows”.  The higher prob move is to STAY PATIENT and pick your battles careully — BTC is king — Cash is a close 2nd — the patterns and indicators are offering clues that altcoins will have another bullish run, but NOT YET — close today will offer more clues.

FINALLY it’s high prob

Big movers will be far more selective this time around — and it’s too early to know if if that will be big names like ETH, smaller altcoins that have been destroyed like DGB or ICO coins like NEO — all have potential — you want a strong bullish case for any coin you choose to trade — don’t just buy because a coin did well in the past….

3 CHARTS (plus ETH from yesterday) – NOTHING NEW GOING ON….YET

btcoct16

stellaroct16

stratearly1016

 

 

 

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!

STR Stellar crypto market real time update 7 7 17 10:45 PM EST

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.

NOTE: Stellar moved up as this post was completed — it offers another trading strategy for you to learn and consider (original “how to scale in” in post below)– please study both–you’ll likely use them often for ST IT and LT trade entries.

str trade entry 7 7 17

NOTE: Stellar is now getting close to it’s head and shoulders pattern target shared this morning so it offers a good opportunity to start discussing a “scale in” strategy.

STEP 2 BUILD A SCALE IN STRATEGY — EXAMPLE STELLAR $STR

(Step 1 was in market wrap discussing what ETH told us today — see categories for post)

NOTE: you COULD use STR prices to scale in for other crypto — but with market prices not in sync — (BTC LTC and DASH still way above key support) best to do your research on each crypto individually — we’ll try to cover more as patterns evolve.

  1. Determine the percentages you’ll use for investing — one we’ve seen used effectively is
  • Block 1  10%
  • Block 2 10%
  • Block 3  20%
  • Block 4  20%
  • Block 5 FINAL BLOCK 40%

Some traders keep a reserve fund usually = 25% -50% additional for a 100+% investment if patterns and indicators justify the additional funds.

IMPORTANT:  Unless you are truly prepared to lose every penny invested, you’ll still want to set a “something else is going on” stop loss for the rare event that the crypto you’re trading in is never going to recover your investment – you have to be willing to be wrong or keep the investment so small it’s basically an option/lotto ticket that you’ll never sell.

you can adjust these figures and with practice will determine the scaling in strategy that give you the most confidence.

2. Determine the price points you’ll use to enter the trade – here’s the STR chart from earlier- a sample scaling plan is below it

STR h and s breakdown 7 7

Block 1 .01750 well below crash low but above head and shoulders target in case target not met

Block 2  .0150  head and shoulders target

Block 3  .012    as long as indicators still show bullish divergence or wait until below .010

Block 4   .0085  assuming they take out key .01 support

Block 5  .0065  again have to check indicators and market and be sure this price point still makes sense (never just “buy blind”

Block 6  .At absolute bottom of indicator where there’s very low probability of anything lower except a spike that typically reverses quickly (you might want to wait for such a spike if price gets this far as it could be great buying opportunity)

Scale in “stop loss”  = price closes below first high volume green candle for 2 days = approx .0045 in the case of STR.

If you’ve scaled in properly price usually starts going up around blocks 2-4 so you have a lot of funds not invested as STR starts to move up. Do not rush to add those funds.  They can be added when bullish wave patterns have been confirmed.

Obviously, you need to adjust the above information to your personal preferences and risk tolerance.  We indicated earlier today that this is a VERY risky time to trade and current prices are proving that true – don’t rush to scale in, but if you’ve built a case and a plan and are confident and comfortable (minimal stress) you can handle the risk, then TRADE YOUR PLAN.  Our final suggestion is to take whatever position size you are considering and

CUT IT IN HALF — practice scaling and prove you can do it successfully–you’ll be doing it for years so no need to go huge $$ on this trade.

We hope you find this information helpful– STAY SAFE (=STAY SMALL for now) and STAY IN THE GAME.

 

 

 

 

 

 

Also please remember the successful long term trading guideline that no IT investment should represent more than 50% of your investment funds — there will always be another “amazing” trade opportunity — we don’t need to “load up” to be successful trading–in fact loading up increases your chances of failure.

 

STR Stellar crypto market real time update 7 7 17 9:30 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:  We’re looking for clues of how low this move may want to go and if there’s a SAFE long entry.  Stellar was important for last move (passed test of crash lows) — it’s a good starting point to build a case for where market may reverse.

Most reversals start with new lows and bullish divergence (we posted BTC was due for huge move at $800 range wave low when it showed huge bullish divergence) — so if that happens for cryptos on this move (we’re definitely in sync for the moment) — if you can define a trade could be a great risk / return opportunity — FOR INTERMEDIATE TERM.

But it’s a dangerous time for the crypto market — front running trades before they test targets is very high probability so remember you’re trading at your own risk and be sure you get the exact set up you want with clear exit plan or just stay with your LT positions and keep ST and IT on the sidelines.

STR h and s breakdown 7 7

STR Stellar real time update 7 4 17 12:50 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:  We know that “bullish patterns tend to fail in bear waves/markets”  Last 2 days bullish patterns have been confirming — that means maybe we’re not in bearish wave/market any more??  We’re still waiting on confirm but start watching “character” of price action in market — fast moves for LTC and BTC, patterns confirming, sell signals failing (ZEC yesterday), moves up above MA’s, etc.

BOTTOM LINE — Trading with a plan and a clear understanding of trend, patterns and target is critical to your long term success.

A huge part of successful trading is to realize being wrong (which is not avoidable) sometimes means the opposite conclusion is RIGHT — AND CAN BE TRADED SAFELY AND PROFITABLY!!  We’ve stated many times before that failed patterns tend to create huge moves the other way.

So how should we look at THE PATTERN (which was without a doubt higher probability until yesterday) now?  It’s about to fail — and we’re making money as safely as can possibly be made trading because we recognize the high prob of failure.  That’s safe, high prob trading.

Is it better than just buy and hodl?  YES (and no).  You should already know why by now but we’ll post more about that soon.

STR real time 7 3