BTC XBT BCH ETH STRAT XMR crypto market wrap Vol 13 Issue 3 May 5, 2018 9:00 PM EST

NOTE:   Lots of notes between charts — be sure to review them.

We indicated the edge was with the bulls and that trend has continued — now as of the close today there is are multiple bullish set ups and SAFE add or new trade opportunities.  We share STRAT below as a good example of a high prob set up that is worth watching as a “general market indicator” even if you don’t trade it.

BCH HAS THE BALL?

We’ve shared multiple bullish set ups for BCH and today price broke out again vs both BTC and USD — while BCH is the only exception we’ve seen in two years of an altcoin moving up strong while BTC dropped (happened during 2017 and BTC caught up quickly!) we think BCH is a solid indicator that altcoins are going to currently “in sync” with BTC — the difference this time around is some altcoins are much stronger than others.

XMR LEADING INDICATOR BEARISH?

XMR traders have to be frustrated — it’s underperforming all the major altcoins and as the chart below shows, is actually falling pretty hard vs BTC.  This is where checking different TIME FRAMES can make all the difference because if you look at the daily chart over a longer time period, you can clearly see XMR is still in very bullish territory.

TAKEAWAY:  You want a VERY strong bullish case if you’re trading altcoins vs BTC right now because it looks like some are going to seriously underperform.  HOWEVER patterns support the bullish case for the altcoin market to have an edge for bulls as long as BTC remains bullish. 

Of course this doesn’t mean you won’t lose money if you pick the wrong altcoin even if BTC moves to $12000 — do your homework and always trade safe! 

MULTIPLE CHARTS — BULLISH TREND UNTIL IT’S NOT

NOTE: BTC and ETH charts are from yesterday as patterns continue to be very dialed in.    Since $9500 BTC continues to hodl the edge is now to break $10,000 — however, we still have the XBT futures open Sunday night at 6 PM EST to keep an eye on as we have seen volatility kick in around that time.

btc 5 4XBT early 5 4eth usd 5 2

BCH is leading the way but LTC is very bullish as well so see daily chart there and similar trades could be defined safely.  Other alts worth watching (though not as bullish) are XRP and STR — they have bullish patterns but are lagging — let’s see if they join the party– DON’T ASSUME THEY WILL — THEY are rotating from coin to coin and you want extremely bullish set ups AND price/volume trend momentum with all new trades

PRIOR BCH SET UP from 4/27 ALSO SHOWN BELOW along with today’s update for reference

bchbtc early 4 27

bch market wrap 5 5

stratbtc market wrap 5 5

xmr 5 5 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 reserved.

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STRAT VTC BTC real time update 11 2 17 9:25 AM EST

We’ll round out our early updates with a look at two lower volume altcoins that trade only in BTC =  don’t trade on USDT or USD exchanges.

While we wouldn’t make trading decisions based on the following charts alone, how they behave today is worth watching — and possibly even a trade for VTC.

VTC and STRAT have been generally bullish during BTC’s most recent move up (until last few days) adds to the BEARISH case for altcoins if we don’t see some strong moves up by the close.

STRAT real time 11 2 17VTC real time 11 2

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 DASH NEO STRAT crypto mkt early updates 10 30 17 11:45 AM EST

NOTE:  THE BITCOIN TRADING PLAYBOOK — TRADING  VS A NEW GROUP OF WHALES AND BOTS

Lots of notes, patterns and targets on charts below but first we cover something new to the crypto market that we think now must be in our playbook strategy and is currently playing a significant role both now and moving forward.

CRYPTO HEDGE FUNDS

Why, recently,. all of a sudden, did altcoins stop moving with BTC and start dropping dramatically?  Remember the BTC chart we recently posted where we saw a spike up in price that we indicated was LOW probability?  We wondered who was propping up Bitcoin and why?

HERE’S SOME EDUCATED SPECULATION BASED ON YEARS OF PATTERN ANALYSIS IN OTHER MARKETS:

The current patterns for BTC and altcoins suggest a reason for the odd price action COULD BE due to the entrance of 100’s of crypto hedge funds with BILLIONS to invest.  These funds are getting high net worth investors to buy into crypto using ONE COIN:

the insane returns of the most proven crypto: BITCOIN.

Bitcoin is what new investors are chasing.  They don’t even know what altcoins are.   They want a piece of the BTC action.

And, most hedge funds have reporting periods with “net asset values” (NAVs) that are “priced” at the end of each month.  BTC has spiked up to new highs just in time for a high MONTH END valuation for new investors.

But once that month end price is booked, hedge funds, which take huge fees–need to find the next big move in the crypto market.

And, as luck would have it, current patterns show a high prob of a correction for BTC and a move up for large altcoins (perhaps small altcoins too) ON OR AFTER NOVEMBER 1.

On the other hand, if their algorithms see too many on the altcoin bus, they’ll create pattern failure and spike BTC to the moon and crush altcoins even further (lower prob, but absolutely a possibility).

Either way the patterns show big moves coming — and we think a big reason is because hedge funds need big moves to stay in business.

Still wondering why 90% of traders fail?

We’ve seen these sort of month end and quarter end games for years in other markets and we think they have now arrived in the crypto market.  But we won’t trade  speculation–we’ll trade the highest prob patterns–which, in this case currently just so happen to agree with our speculation!!

WHAT TO DO NOW

Study the charts and patterns, do your own research – -make a crystal clear ST/IT/LT trading strategy and follow it to the letter.  Whatever you do, don’t assume anything – you’re now up against the greatest traders with access to the most advanced resources in the world.

We teach safe trading, and the next 12-24 months (maybe even the next week or two) will  show you why.

More updates and playbook strategies soon….

MULTIPLE CHARTS — PATTERNS IN SYNC CONFIRMING WHAT PLAYBOOK SAYS –ANSWERS FOR NEXT BIG MOVE SOON

BCH early 10 30

BTC early 10 30DASH early 10 30NEO early 10 30STRAT 10 30 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 ETH STRAT crypto market early update 10 26 17 9:05 AM EST

NOTE:  We’ve had a strong move up for BTC, but there is a lot of time left in the trading day and anything is possible.  As the charts shows below, this could simply be a retest of the breakdown of a few days ago in the 5900-6000 range (where we’re trading right now) which would also be a retest of the right shoulder of the newly formed bearish DOMINO pattern.

As of right now, there is no trading edge — but here are the probabilities for each case to offer some food for thought in your trading strategy:

BULLISH CASE

  • Traders dumped their BTC after the bitcoin gold fork and are now buying back to get more free money with the BTC 2x split coming in 2-3 weeks. If this is what’s happening you would certainly expect higher volume as traders rush back in — so far not the case but that can change by close today…
  • There’s also the “here we go” pattern that is still in play with targets between 6500-7000
  • BULLISH CASE CONFIMRATION  — We make new highs with higher volume

BEARISH CASE FOR BTC

  • High volume breakouts/breakdowns are almost always retested — that’s what is happening now before we head down.
  • Clear indicators that retest of $4700-$5100 range will be retested at some point (this remains in play even if we move higher)
  • Bearish pattern in play with target in $4700-$5100 range
  • Several key altcoins showing bullish behavior not seen during recent BTC up/Altcoins Down move
  • BEARISH CASE CONFIRMATION  — red close today

OTHER KEYS TO WATCH FOR

  • BTC “taking out” the stops above $6000 where many traders would set them – that would be where strong move up towards new highs or strong reversal may occur.
  • Altcoins continue to move in inverse (opposite) direction of BTC — that’s our trading premise and so far today that is still happening.

BOTTOM LINE:  CLOSE IS WHAT MATTERS

We’ll update closer to close today if high prob trading opportunities become clear– the following charts give you many keys to watch for:

3 CHARTS — SETTING UP FOR NEXT BIG MOVE?

BTC early 10 26

btc early 10 25

ETH early 10 26STRAT 10 26 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 ETH DASH VTC crypto market early updates 10 23 17 9:00 AM EST

Note:  BTC is behaving very much in line with the probabilities patterns have laid out for us over the last few days — and today’s close will provide confirmation of the highest prob next move for Bitcoin.

What is far less clear is where large altcoins are headed — they dropped when BTC skyrocketed above $5000, and thus far today, they are showing no meaningful bullish signs while BTC is dropping.  This is a dangerous sign for the crypto market and should not be ignored — we have strongly suggested CASH is a close 2nd to BTC and CASH could become KING after the close today.  As you’ll see in the charts below, as much pain as altcoins have been through — they can drop much further– only trade with 100% confidence in your strategy.

There are signs that indicate the endless weakness in the large altcoin market is not a sign of pending doom, but rather major manipulation.  Why?  Every day, some altcoin moves up with great strength — VTC was yesterday’s choice, and today STRAT is off to a strong start — most notably STR continues to hold up well.

PATIENCE continues to be the most important trading skill you can use in the current market…..

As always, we’re watching every pattern and indicator we can find to help.  We said yesterday that the next 24-72 hours will help shape the probabilities market’s next big move, and as of now-that is proving to be absolutely true.

MANY CHARTS — LARGE ALTCOINS NOT READY YET…..

btc early 10 23dash early 10 23

ETH chart should say showing NO signs of strength…..also to clarify BTC chart = ETH/BTC chart…..

eth early 10 23

NOTE:  Unless you are looking for an IT position in STRAT – exit any ST trade if we close red today…..

strat 10 23 earlyVTC early 10 23

 

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.

BTC ETH LTC STR crypto mkt early updates 10 7 17 10:00 AM EST

NOTE:  The pattern that appears to be in place is one of uncertainty with a slight edge to the bulls — at least for BTC.  The rest of the large crypto market is moving in fairly tight  ranges with a few exceptions including STR, XRP and NXT.  Probably worth noting how these are the lowest cost large cryptos which is an indicator of manipulation.

We’ve mentioned that altcoins might become an incredible buy at some point here — and the 3 above have done very well (2 of which patterns identified as high prob trades).  However, we don’t think these moves are a sign that the big move for altcoins is here.  We need ETH, LTC, BCH and DASH to show us something — ETH is at the door (see our ETC chart for more on that)…

Meanwhile best to stay a bit smaller and more defensive and lower expectations for returns till more clear bullish patterns emerge for the larger cryptos – or we see BTC break out — or both….

MULTIPLE CHARTS – DON’T GET GREEDY — HIGHEST PROB – TAKE SOME PROFITS

btc early 10 7ETC early 10 7

NOTE:  Prices in the note for STR are in USDT but chart is in BTC — the targets are the same on both charts.

str early 10 7strat early 10 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.