Options Trading & Analysis

Important Crypto Reminders


Here are some things we’re focused on based upon the current setup

IMPORTANT REMINDERS Here are some things we’re focused on based upon the current setup:
  • BTC hovered in the $6000 range for MONTHS, then dropped nearly 50% — we’re now consolidating in the mid $3000 level without much range. That’s NOT bullish.
  • EDGE IS STILL WITH THE BEARS — UNTIL IT’S NOT. During 2017, things looked incredibly bearish at the start of bull moves — 2018 has been a completely different market, but it’s still worth keeping in mind bull moves usually start from failed bearish patterns.
  • ETH is still worthy of serious attention. The chart below shows a short term bearish pattern in the middle of a much larger bearish pattern. Other large altcoins like XLM (chart not shown) are currently more bullish. With all the traders and developers that follow ETH, we think ETH’s setups need to be considered as part of trading strategies.
  • We’re watching for altcoins set ups like FCT and BSV that we shared in recent weeks that can lead to BIG MOVES as these sorts of moves show up in the crypto market during even the most bearish cycles. As of now there are cryptos that are showing signs but none that are high prob (ETC and XLM are examples we’re watching closely—there are more) A short term return that justifies the risk is necessary in the current, very sketchy crypto market.

FINAL NOTE: BTC chart (not shown) shows same set up as ETH meaning yesterday’s low is high probability to be retested — IT DOES NOT HAVE TO BE and there are other large altcoins that do not have this pattern, but trading against BTC and ETH without an amazing setup with minimal risk does not offer a trading edge at this time (or any time that we’re aware of to date!).

 width=  width=

About CryptoPatterns


Cryptopatterns mission is to help everyone build investment and trading strategies that allow them to stay safe and profitable. We strive to protect traders and investors through education and financial management strategies used by professionals with decades of experience in a wide variety of global markets. We are an educational service that has informed 1000’s cryptocurrency traders and investors since 2016. We’ve proven and refined our approach through over 40 years of combined trading and investing experience. We offer the information and training of key fundamentals that are essential to successfully participate in the highly volatile and often dangerous new cryptocurrency market. As the internet explosion of the early 2000’s proved, new technologies can have an important place in everyone’s financial portfolio. We are committed to helping those who do not have unlimited resources and insider information participate in the cryptocurrency revolution in a way that fits their personal financial position, and achieve long-term success safely and profitably.

Author's web site: http://www.cryptopatterns.net/


View CryptoPatterns's post archive >

Advertisement Continue reading

The Options News RundownAudio

Your source for the most important news and information from the world of options.

The Options Insider Radio NetworkAudio

All of our radio programs in one convenient place.

Options Insider RadioAudio

The original options podcast. Features interviews with leading options figures.

The Option BlockAudio

This high-octane program features education, analysis, strategies and unusual activity.

Volatility ViewsAudio

The premier radio program for volatility traders.

The Long And Short Of Futures OptionsAudio

Your source for futures options information.

The Advisor's OptionAudio

Arming advisors with the info necessary to manage risk.

Options Boot CampAudio

Get into peak options trading shape.

Options Insider Special EventsAudio

Compelling panel & special event recordings from the options world.

OIC's Wide World of OptionsAudio

A dynamic mix of current events, investor resources, & strategy insights.

Trading Tech TalkAudio

We break down all the amazing technology that takes your trades from the click of a mouse to the clearinghouse.

Options Playbook RadioAudio

Break down cutting-edge options strategies and learn how to incorporate them into your portfolio

Options OdditiesAudio

We track all the unusual options trading activity on Options Oddities.

This Week in Futures OptionsAudio

The program designed to help active futures options traders stay on top of this ever-changing marketplace. 

The Business ShowAudio

If you like business, if you like humor, if you like stock symbols, this is the podcast for you.
x

The Options Insider Radio Network

The Options News Rundown

Your source for the most important news and information from the world of options.

The Options News Rundown

The Options Insider Radio Network

All of our radio programs in one convenient place.

The Options Insider Radio Network

Options Insider Radio

The original options podcast. Features interviews with leading options figures.

Options Insider Radio

The Option Block

This high-octane program features education, analysis, strategies and unusual activity.

The Option Block

Volatility Views

The premier radio program for volatility traders.

Volatility Views

The Long And Short Of Futures Options

Your source for futures options information.

The Long And Short Of Futures Options

The Advisor's Option

Arming advisors with the info necessary to manage risk.

The Advisor's Option

Options Boot Camp

Get into peak options trading shape.

Options Boot Camp

Options Insider Special Events

Compelling panel & special event recordings from the options world.

Options Insider Special Events

OIC's Wide World of Options

A dynamic mix of current events, investor resources, & strategy insights.

OIC's Wide World of Options

Trading Tech Talk

We break down all the amazing technology that takes your trades from the click of a mouse to the clearinghouse.

Trading Tech Talk

Options Playbook Radio

Break down cutting-edge options strategies and learn how to incorporate them into your portfolio

Options Playbook Radio

Options Oddities

We track all the unusual options trading activity on Options Oddities.

Options Oddities

This Week in Futures Options

The program designed to help active futures options traders stay on top of this ever-changing marketplace. 

This Week in Futures Options

The Business Show

If you like business, if you like humor, if you like stock symbols, this is the podcast for you.

The Business Show

Options News Rundown: Monday, December 10, 2018

Options news you can use for Monday, December 10, 2018

Options News Rundown: Monday, December 10, 2018