Posts by CryptoPatterns
While the short term pattern of price spiking higher for various coins then quickly pulling back continues, BTC and the overall market is showing another extended consolidation pattern.
Today we share the latest look at three large cap cryptos. Here are the takeaways:
As patterns predicted, the crypto market has recovered (for the most part) from the recent spike down.
Check out the BNB BTC and LTC charts below for current market conditions using shorter time frame charts to identify other important patterns and indicators that can and should be considered in all trading strategies.
Thanks to patterns, we know bullish signs when we see them and the crypto market has shown bullish signs for well over a month now.
While the big picture shows Bitcoin continuing it's multiweek consolidation pattern, the last week has offered bullish signs with price moving up over 10% with increasing volume in one day moving above $3500 which notably has held since that time.
The large crypto market continues to hover in a fairly tight range, consolidating recent gains for most key cryptos. Today’s charts show EOS , ZEC and ETH are joining the more bullish looking altcoins and offer solid trade entries now.
We studied the crypto market early today and saw price hitting a wall of resistance on most key cryptos, and, as probabilities indicate, when you hit a lot of resistance, price pulls back,, and that’s what happened, just like it has over and over for the last year or more.
Our recent trade in BNB has been very profitable — and we share a follow up trade below as there is another bullish entry setting up with even higher targets.
There’s been a strong move in cryptos so far today, and for most large cryptos it’s been to the downside. Most notably, leaders BTC and ETH are testing key support levels with slightly higher volume.
The crypto market is clearly waiting on SOMETHING.
The highest probability path for BTC and the crypto market continues to play out which is LOWER PRICES as detailed in yesterday’s post.
Today, nearly the entire crypto market is moving lower with higher volume so far — that’s what a real move looks like so time to make sure your trade strategies are dialed in to stay safe.
We shared clear signs of volatility for BTC and Altcoins — but so far there has been little volatility. The market could be coiling up for a huge move coming soon (as we shared on BTC chart in prior post shown again below) or it could mean we’re still in the “consolidate and drop” pattern we saw during most of 2018 — most notably at the $6000 level.
We’ve seen the increased volatility that patterns called for in our last post, but so far it’s been a headfake down for BTC then right back up above key $3500 support. It’s possible they’ll just keep playing games with BTC around the $3500 level…
In our last post, we saw bullish signs on a weekend which have been rarely seen since the bear market of 2018 began. The rest of weekend trading saw price fall back but volume stayed relatively strong. Something’s up….
BTC has held above $3500 as patterns indicated, but we’re far from seeing "bullish follow through” — yet…