Thetraderedge

Thetraderedge

Look at for XRP repeating the past cycles everyone. Stay away from the hype news. It’s all crap. Everything in this chart pretty much tells the whole pic. We have strong bearish divergence on the 2 week like the last cycle after getting above 70 on the Rsi. Sell pressure has been strong. Smart money is taking profits off the table. The charts tell a story...

Thetraderedge

pretty simple chart to read here. We have an inverse head and shoulders pattern forming here. We have a good liquidity zone coming up for grabs and a nice possible support area. Could this be front run ? YES Could this drop a little lower than we believe ? YES Patience is key. Manage your risk accordingly. Don’t fomo. Let the trade come to you.

Thetraderedge

BTC 6 month- Ask yourself is it time to go in big on bitcoin or to be very cautious right now. This is not where smart money buys. The smart money that does buy right now you can know that they are adding twice as much money to put options or shorts that you’ll never know about or never be made public. It’s simply how this business works. Be careful out...

Thetraderedge

The one thing nobody’s talking about. AFTER we pass old all time highs and above 70 on the RSI, Bitcoin has had 2 RSI pivots/peaks. The 2nd pivot/peak has always marked the top. We just had the 2nd recently. Everyone keeps saying we have to get to 90 in the RSI before the top is in. Most still don’t realize the weakness that has taken place in bitcoin the last...

Thetraderedge

the 100k to 103k was the perfect area for the liquidity grab to finish this complex head and shoulders pattern and getting above 100k was definitely going to sucker more longs into the market. Check out my other charts. I’m not right 100% of the time but I’m right way more than wrong and have a very strict risk management system that I don’t budge on ever. I’m...

Thetraderedge

Text book complex head and shoulders has been fully created. Bitcoins volume has been falling the last several days as its price has slowly risen. Liquidity zone above 100k. Look for bitcoin to hit that liquidity zone hard and reverse from there and drop hard. The drop below 90k could happen quickly. Be prepared. The break of 100k is where most traders will go...

Thetraderedge

Higher probability that we break down soon. Whenever we see a bear flag form like this right above a support zone below which is around 90k roughly, you will usually see a hard break down through that support zone. Especially after already having a nice rally. Would be a really nice short to ride down. Be patient out there. Let the trade come to you.

Thetraderedge

Downside target of triangle would be around $1.00 Upside target of breakout would be around $3.50 Either way we have a great swing trade ahead. The comparisons are very similar. Be careful out there guys and good luck.

Thetraderedge

Be cautious out there traders. Looking at the monthly here we can see the last several months the sellers have started taking control. Look at all the top wicks the last few months compared to the last two years. In my opinion a major reversal is coming over the months ahead. I like this company but nothing goes up forever. It’s due for a good correction. The...

Thetraderedge

December the 17th I sent out a warning when BTC was $106,549. So far it’s playing out like it should. Always look at both sides of the coin. We are looking at a possibility of a 20% to 25% more downside to that 70k to 75k area for a bounce. This is not something that will happen over night. It will take a little time. Big thing to keep an eye on is how this...

Thetraderedge

Hey guys I wanted to share what I’m seeing in meta on the 2 week. Meta is another one that’s had a very nice move for a while. I hope some of y’all did well on it. Meta is coming to the end of this phase and it’s due for a large correction very soon in my opinion. We have strong bearish divergence between price action, strength, and volume combined. Also...

Thetraderedge

Netflix has been on a great run for a while now. It’s getting very close to a major correction that will come over the coming weeks and months ahead. Just based off a few things here in this simple 2 week chart we have a major trend line where price gets rejected every time we hit it. All major time frames are over heated. Volume has been falling for quite some...

Thetraderedge

Just wanted to point out a few things on xrp. First off it’s had an amazing run. Gotta give it that. But nothing goes up forever. Greed takes over and big boys will always take their profits. Xrp volume is consistently going down lately. Strength is starting to show signs of weakness and rolling on over soon. We are at 95 on the rsi 5 day here. Price going up...

Thetraderedge

Caution to all traders out there. There’s a lot of hype in the market right now and predictions of insane price targets for BTC from 250k to 1 million per coin in 2025 same thing once again just a different cycle guys. Remember men and women lie but the charts don’t lie. The most positive amounts of news will generally come out right before every major breakout...