Options Trading & Analysis

Is this a REAL Bull Move?


You know we’re watching the crypto market like a hawk so why no trade updates on the “big” move higher?

Is this a REAL Bull Move?

You know we’re watching the crypto market like a hawk so why no trade updates on the “big” move higher? Because we want to share high probability trades and one good day does not make a meaningful move up high probability, much less the start of a true bull wave. As of now, as the charts below show — the probabilities are that this is NOT the start of something big. In other words, it’s POSSIBLE this is the bottom, but it’s NOT probable We think the highest probability is for a TRUE retest of the bottom of the 2017 wave cycle to be retested which is $2975 (coinbase) Why? Because that was such an important bottom and important bottoms are usually tested successfully by going LOWER with lower volume. The current move down stayed above $3000 with LOWER volume. To be crystal clear, that is good enough for a retest and could be an important new bottom, but we want more proof—and meeting some bullish targets with increasing volume would be an excellent start. All of this information is tradeable and we share a trade strategy that offers a SAFE entry closer to close tomorrow (4 PM EST). WHAT ABOUT ALTCOINS? We’re going to wait to update altcoins charts. Why? Almost all large altcoins showed the same sort of bullish move as BTC (or better). LTC, EOS, FCT (again) and WAVES all were above average in their bullish moves BUT the most important takeaway from altcoins is they continue to follow BTC — We continue to watch for some sort of divergence between BTC and all the important altcoins. It will happen, and it will means SOMETHING big when it does — but not yet.

Sooo - That means the highest prob trade strategy to wait until closer to close tomorrow to enter new trades. You know we’ll be watching and plan to update with the highest prob trade set ups if things stay bullish

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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/


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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.

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The Option Block

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

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Volatility Views

The premier radio program for volatility traders.

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The Long And Short Of Futures Options

Your source for futures options information.

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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.

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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

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

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

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