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.

btc market wrap 5 31xbt 5 31 market wrapxlmbtc 5 31 market 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) 2018 JBP cons, inc.  All rights reservedD

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BTC EOS STR XLM crypto market early updates May 27 2018 11:45 AM EST

NOTE:  BTC continues to fight with the key $7250 level but there are multiple bullish set ups among altcoins.  Several tradeable set ups are shown below — there are more

The big takeaway as of now is we’re seeing STRONG bullish set ups in multiple altcoins while BTC is FALLING in price — the 

BTC DOWN/ALTCOINS UP 

relationship is something we have not seen before — could this be the time they finally break the old patterns or will they get back in sync?  Close today and tomorrow should offer some IMPORTANT clues to where we’re headed next.

While multiple safe trades are available, XBT futures open later today and we’re in a holiday weekend in the US which means higher probability of headfakes and manipulation, so consider that in all trade strategies.

MULTIPLE CHARTS – MULTIPLE SAFE TRADE SET UPS WHILE BTC CRASHES?  HMMM….

btc early 5 27eosbtc 5 27maid 5 27rlc 5 27str early 5 27

 

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 TRX XLM XRP crypto market wrap Issue 13 Vol 7 May 12, 2018 11 PM EST

NOTE: Patterns say we are at an important inflection point.

There’s no need to panic (hey, we could take the bullish path here– slight edge to bears at the moment though), but there is a need to be sure you are positioned SAFELY.

Keep in mind this could just be weekend games but the set up is explosive — so clearly define all trades, have some cash ready and EXPECT VOLATILITY.

Charts show the set up — most of the key cryptos are in similar set ups (write us if questions cryptopatterns@gmail.com)

IMPORTANT:  While BTC is still the king and likely to rule the direction of the next move,  we strongly recommend you study every chart on its own to be sure you’re confident in your trading positions because if  key cryptos like XRP and XLM can diverge (see charts below) anything is possible.

4 CHARTS — SOMETHING’S UP

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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 STEEM crypto market early updates 4 27 18 9:45 AM EST

NOTE:  tl:dr  The slight edge to the bulls has been maintained, but we don’t have strong bullish set ups.  SAFE trades can be entered but taking profits, using trailing stops and overall caution in position size still highest prob trade strategy.

Here are the details:

We indicated BCH would be an important indicator yesterday and it was — hodling up in price and keeping the bullish case in tact.  While the recent pullback did hit conservative stop range levels — charts below show there are SAFE reentry options to consider (or if still in trade offer good trailing stop options.

There are other bullish signs for the crypto market with multiple altcoins looking strong and none showing “red flag” weakness levels.  That said — volume was much lower for MOST cryptos yesterday (BTC ETH BCH are key examples) and we need some follow through to the upside quickly to sustain the ST bull case.  Much more info on the charts below.

BOTTOM LINE — $9500 continues to be the KEY “line in the sand” for BTC and XBT so watch that level closely as it likely applies to your trade strategies whatever crypto you’re trading.  That said, SAFE TRADE entries can still be considered but we are far from “all clear” for more upside.

MULTIPLE CHARTS — IF YOU ‘RE UP FOR TRADING THERE ARE TRADES

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first chart is current STEEM chart followed by original trade strategy from 4/12

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First chart is prior STR/XLM analysis from 4/15 then update

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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 XLM STR XEM crypto market early updates 4 15 18 11:05 AM EST

NOTE:  Current price action pattern showing a ST EDGE TO BULLS creates a clear trading set up — look for SAFE entries for ST/IT trades but expect volatility and multiple retests which means use trailing stops or take profits as you see gains,   

While the safest trades in general are in BTC and the large altcoin market generally tradeable in USD / USDT where price and volume patterns are far more reliable (examples shown in BTC and STR charts below), we still see potential for higher returns with in the more proven small altcoins generally only traded in BTC.

See prior posts for multiple examples that have moved higher but are still well below targets (a few examples in no particular order:  EOS, DGB, STEEM, GNT, OMG, ARDR, BTS) —  and here are three new additional cryptos to add to the list to watch/build a trade strategy for good ST/IT risk/return based on current price action AND historical patterns would be:

  • XEM (large cap crypto but not as proven on exchanges)

and two VERY low price cryptos that should be traded VERY carefully as they are subject to major games but have good upside if we see bullish follow through:

  • SC – has traded similar to DGB for over a year
  • BN

Again, there is nothing wrong with sticking to BTC and ETH trades if that’s your comfort zone, or large altcoins like LTC, BCH and STR (shown below) have great upside with more predictable charts but CURRENT patterns show there are other options to consider for diversification and potentially higher returns ST/IT

FINAL NOTES:

  • LT positions generally NOT SAFE for the lower volume cryptos unless you want to risk it all in a “lotto ticket” trade.
  • Our analyses ALWAYS includes volume — be sure to study the VOLUME history of any altcoin you consider trading for safest trades (at least when determining position size)
  • Smaller cryptos are far riskier than large altcoins and can show huge fast drops — please define trades carefully — don’t expect targets of 2x without taking profits along the way and honor all stop ranges without hestiation!

2 CHARTS (plus small altcoins above and in recent posts)- TIME TO LOOK FOR ST/IT ENTRIES BUT DON’T FALL IN LOVE W/ANYTHING FOR TOO LONG

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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 mkt wrap VOL 12 issue 1 4/2/18 10:15 PM EST

NOTE:  LT charts coming tomorrow but wanted to share a quick market update in case things decide to move quickly…

Keeping an eye on BTC vs XBT futures as the set up on futures has many bullish signs but we’re simply not seeing BTC take off above key $7250 range and head back to retest key $8000 and $8400 levels.

This sluggish behavior is a red flag and as XBT chart below shows, BTC is working off it’s oversold status which would be a set up for further downside.  Bottom line is BTC needs to move up quickly (and ideally with some strength) or we’re likely to see a retest of the current lows ($6400 range) and crash lows (5870 range) sooner rather than later.

As far as trade strategy there are SAFE ST trades available using yesterday’s or recent lows, but PRICE PAYS  and WITH THE EXCEPTION OF STR (trade we mentioned 2 days ago still in play-see chart below) we are not seeing any momentum to justify anything but a small ST trade until this market “proves” it wants to go up and justify the risk.

We’ll plan to post in real time if we see the pattern breakouts that are on the charts of multiple cryptos (including a few smaller cryptos that are showing strength) — but for now, caution is still the highest probability for ST/IT positions.

3 CHARTS — BTC XBT FUTURES MIXED — STR STILL STRONGEST ALTCOIN

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Red flag for STR is sluggish or even bearish behavior or rest of large crypto market — until we see more bullish momentum — taking profits along the way is highest prob for profit.

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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 STR XLM crypto market early updates 4 1 18 11:30 AM EST

NOTE: tl:dr  WHAT WE’RE WATCHING NOW AS WE START APRIL

  • BTC holy grail pattern – will it hit lower targets? (chart below)
  • XBT futures opening at 6 PM EST (they closed very oversold at $7100 so BIG ST MOVES mod to high prob– could bounce or go lower to catch up with BTC)
  • Watch for crash Lows not hit for LTC XMR  also BTC
  • ETH and STR recent relative strength worst and best altcoins offer patterns and targets to watch that will high prob be indicators for altcoin mkt.

Also — time to review LT positions and adjust trading plans as necessary

And here’s all the details:

BTC hit its double bottom target at $6600 and has now failed in its most recent bullish set up by retesting and dropping below $6600. Altcoins have followed BTC or performed even worse.

We were already trading with much smaller positions or on the sidelines for ST/IT positions but now we need to carefully study just how low BTC and Altcoins might go for future ST/IT trading opportunities as well as LT position mgmt.

We indicated we will be doing a post on the LT “big picture “for cryptos and that will be shared in a separate post in next day or two.  Meanwhile we want to cover as many patterns, indicators and targets that will mean something to traders and investors RIGHT NOW.

CURRENT MARKET CONDITIONS

ST  — No trading edge — $XBT futures still at $7100 set to reopen at 6 PM EST – very oversold could lead to signficant bounce — or faster drop thus no edge.  Here are ST charts to watch for ETH and STR that will prove useful in ST trading strategy — see BTC chart below for more.

ETH early 4 1str early 4 1

IT — edge to BEARS – — based on very weak moves up for high prob bullish set ups and this chart of crash lows not “in sync”

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LT — no trading edge — but with pattern failure of double top must assess LT trade strategy understanding we are still in a LT BULL MKT for BTC and key altcoins (doesn’t feel like it but we are….)

THE HOLY GRAIL PATTERN – Going to finish the job?

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TRADING STRATEGY FOR LT POSITIONS

As our upcoming post will show, LT bull market is still in tact (yes, even at a 70% drop from the highs).  However, for many reasons some traders may not want to hodl LT positions in current dangerous set up.

KEY TAKEAWAYS:

  1. As the Holy Grail Pattern chart shows there are lower targets so realize we can still see drops from here of 50% or more, however all technical indicators have been met for THE BOTTOM so we can reverse for big moves up at ANY TIME.                       read #1 again before moving on — by far most important key 
  2. If you reduce or exit LT positions it is with the intention of reentering at lower prices.   We know it would have been great to exit LT positions at 18000, 10000 and $7250 — but the charts did not (and still do not!) support exiting LT positions if you’re hodling for a year or more.  Just know it can be a dangerous game to exit LT positions as the market can take off to the upside at any time.  Highest prob for LT success is always to strategy that best fits your financial situation and that you can trade with confidence.   (This key is much more about YOU as a trader than anything fundamental to the markets. )
  3. We have high prob key targets for reentry trades If you’re truly in the trading/investing game for the LT you know the key targets on the way UP and DOWN (and UP again).

Do you have a clear trading plan for ST IT and LT that considers all of the above plus your personal indicators?  Now would be a great time to be sure you do….

More coming soon….

 

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.