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.

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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 reservedD

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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 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 STR XLM crypto market early updates 3 4 17 11:45 AM EST

NOTE:  tl:dr  Time to pay close attention to the crypto market again.  LOTS to read — highly recommend you review it all as we see many signs things will be picking up in terms of volatility soon….

There’s a lot of updates NOT in the charts below — so you’ll miss it if you only review charts–but charts are after detailed analysis in any case….

Here’s what we know:

  1. BOTH BTC and large altcoins have bullish patterns that signal much higher prices
  2. The IT/LT edge is currently with the bulls for BTC
  3. There is no trading edge ST (see BTC chart below)
  4. The last week brought BIG MOVES for BTC and patterns say we’re at key levels which usually brings volatility so more big moves are mod/high prob.
  5. We have not seen any meaningful confirmation that THE BOTTOM is in for BTC or ALTCOINS — we have to consider at least a retest of the lows is POSSIBLE until we see strong bullish price and volume action (Bullish wave 3)

And most importantly for today’s update

6  ALTCOINS VS BTC   The LT edge is currently with the bulls for LARGE ALTCOINS vs USDT AND VS BTC   HOWEVER

Most large altcoins broke down at some point last week and are still in a BEARISH WAVE vs BTC = no trading edge and no confirmed bullish patterns to justify new trades that THE BOTTOM IS IN.

KEY TAKEAWAY — Bullish case for BTC still the strongest in the crypto market.

NEXT TOPIC: MORE ON 6) ABOVE THE BULLISH CASE FOR ALTCOINS–ARE THEY ABOUT TO EXPLODE UP (OR DOWN) VS BTC??

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For the last two months we’ve seen one head fake after the next from altcoins vs BTC– As recently as our last post we nailed a big move (20%) in XMR but that could be explained by an upcoming fork and price has pulled back so we’re not seeing bullish follow through yet.  Today we’re seeing a similar spike in STR/XLM (see chart below for details — far from a confirmed bullish move.

So the pattern of pounding altcoins is still very much in tact HOWEVER

Now we’re seeing the drops vs BTC with MUCH lower volume — That means SOMETHING

Think of it this way:

THEY are driving prices down and while it’s true BTC is going up, there’s not strong selling from altcoins….that could be bullish for altcoins–so now we watch carefully for clues from the charts, patterns, indicators and targets

and we are seeing some bullish patterns on shorter term time frames for many large altcoins —

TAKEAWAYS – key — too early to take decisive action — this is research and speculation on probabilities to prepare for decisive action!

  1.  The current crypto market set up is ripe for a BIG MOVE from altcoins — and there is SOME evidence that move will be UP vs BTC AND USDT — but we can’t front run this — for now it’s something to study and watch carefully — which you know we will  — just like we did when we called BTC UP / ALTCOINS DOWN weeks ago….
  2. The LT bullish case for large altcoins is very much edge to bulls, ST/IT a case is DEVELOPING — it’s not high prob to front run this.
  3. BTC’s charts say ALTCOINS are going to have BIG MOVES one way or the other.  The IT/LT bullish case for BTC is edge to BULLS and no trading edge short term — This means there is a trading EDGE that BTC will be moving higher (at least above $12000 but as charts below show could go MUCH higher) — so BTC is the safer bet at the moment but not safe to bet 100% BTC plus altcoins could see EXPLOSIVE moves higher vs BTC…. AND FIAT CASH COULD BE THE BEST BET OF ALL ST/IT  so assume nothing.
  4. Volume is key (as usual) — The entire world knows about crypto now and wall street is in the game and trading volumes are WAY lower recently?  Really????  Our speculation is says smart money is waiting patiently and slowly building positions while new traders get increasingly frustrated and slowly but surely sell their crypto….

There’s more to share but that’s enough for now — watch XMR and STR/XLM closely ST (charts shown below)–they will be good indicators for altcoins short term and we’ll see if the rest of the large altcoin market follows….

FINALLY — REMEMBER

Wall Street, Whales and Bots are HIGH PROB to make money — a lot of money– and they have to make their money from SOMEONE — they can’t just invent profits from thin air — TRADE SAFE and don’t let that someone be you.

4 Charts — Time To Review and Adjust the Trading Strategy? — Definitely Review!

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Chart from FEBRUARY 12 POST — Patterns showed the way from $8000 so far….

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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 STR XLM XMR XRP crypto Market Wrap Vol 10 issue 7 2 19 18 10:00 PM EST

NOTE:  For weeks, we’ve been bullish on BTC and “VERY CAUTIOUS” on the large altcoin market — we shared multiple bullish patterns for large altcoins, and while every one of them has been profitable, they have all broken out and then stalled.

Now we’re seeing more significant moves that support the case that our caution is justified — patterns say we are at moderate probaility we are facing

  • BTC UP
  • LARGE ALTCOINS DOWN

We wish we could say its high prob BTC is going to once again crush the large altcoin market so trading strategies can be quickly adjusted accordingly, but they never make it that easy.

However

We want to share some pattern breakdowns and near breakdowns (study your favorite coins even if now shown –we plan to add more–almost every large altcoin is in this range)  that should be watched carefully, and COULD lead to big moves down vs BTC for many large altcoins.

BUT — BULLISH CASE FOR LARGE ALTCOINS FAR FROM DEAD

  1. ETC’s chart vs BTC stands out as bullish (not shown in this post but closed higher today with higher volume on “follow through day”=bullish ST at least — Is this strong bullish chart
  • an indicator the rest of the altcoin market will follow
  • just another headfake from “the heartbreaker” (new nickname for ETC) — or
  • is ETC about to join BTC as the only very bullish large cryptos?

Anything’s possible but we can say that ETC has never been a good altcoin market indicator.

2) BULLISH — INTERMEDIATE AND LONG-TERM nearly all altcoins are still bullish vs BTC — see chart for key altcoin STR XLM below for an example and details.

HIGHEST PROB TRADE STRATEGY:  TRADE AROUND KEY LEVELS

Charts show some examples of key levels for several key altcoins — most of the rest fit into one of these patterns as well (ETH, BTC, BCH, DASH and more are all facing the same risk of ST bullish pattern failure and potentially much lower prices).

If you buy the IT/LT bullish case for any large altcoin, use the current set up to review your positions size and stop loss range and be ready to scale out or exit positions in order to STAY SAFE (and preserve those gains!!) .

While it could make sense to increase your BTC allocation, it’s not a sure thing so don’t just blindly put any ST/IT positions sold into BTC without a clearly defined plan — don’t forget BTC is VERY overbought on the XBT futures– it’s low prob we go straight to new highs so you need to know where to take profits and to set stops!!

It’s also important to be ready to reenter positions if price recovers above your stop range as long as the longer term bullish patterns remain in tact.  CLOSE IS WHAT MATTERS so use closing prices on the daily chart whenever possible

This can be a very challenging way to trade, but its far SAFER than just buy and hodl given the current patterns  vs BTC.

4 CHARTS — LARGE ALTCOINS IN DANGER ZONE (OR WORSE) VS BTC

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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.

STR XLM BTC real time update 2 13 18 12:15 PM EST

NOTE:  Seeing bullish signs from STR/XLM that presents a SAFE TRADE opportunity ST.  This is similar pattern to “spike higher” for various altcoins so keep that in mind in position sizing and taking profits.

We think ETC breaking about above it’s large pattern and BTC hodling $8400 are important elements that make the STR/XLM move moderate to high prob.

One more note — another trade strategy for STR/XLM will be to scale back or exit postion if we close red today as volume is already much higher than yesterday.

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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.