graham.edwards84

graham.edwards84

Something like this. We would need to see the US dollar reverse fairly soon though.

graham.edwards84 Updated 

Shorts will fail here see red circles. Repeating patten. This should assist nicely with a Bitcoin rebound.

graham.edwards84

Green Gold vs Yellow Gold. A reversal here is predicted and the upside still has massive potential.

graham.edwards84 Updated 

Hi Guys, a couple of weeks ago we published an idea about the set up on the short interest and the chart working into a wedge that we predicted would eventually break down. I think we are seeing this today with a big move breaking down through the wedge triangle and heading to the 200 sma on the one day chart. A breach of the 200 should be a great catalyst for a...

graham.edwards84 Updated 

Bitcoin shorts are at or close to an all time high, something like 62% to the short side now. datamish.com I'm wondering if most are on the short side of the trade and thinking BTCUSD is set for a downsilde? Seems to be the popular sentiment right now. The only thing is that it may catch many traders off guard if there is a sudden sentiment reversal. It also...

graham.edwards84

We are getting close to breaking over the 20 SMA. When this happened in 2014 the price immediately rose to the 50 SMA. Curiously though, the consolidation period in 2018 is seemingly half the time (almost exactly) to the consolidation in 2014 as you can see from the charts. The 2 week moving average on the left side and one week on the right.

graham.edwards84

BTCUSD working its way to the end of a massive wedge formation has been generally a fairly standard retracement. Looking at the final stages of the consolidation it is difficult to predict when exactly it will make a bottom but at some point and possibly even after an initial rally break above the wedge formation, it will probably plant a lowest low for the year....

graham.edwards84

I've been doing some fractal compares just for fun. Of course every wave pattern has its own unique formation. Mostly, I have seen other trader comparisons with the massive run at the end of 2013 but this one looks really interesting too.

graham.edwards84

This chart is tracking and projecting the 100 SMA on the monthly chart. Things are looking good for USD right now and it is undergoing a good rally but in my opinion we would need to see a break above the upper black trend line to break this pattern of lower highs and lower lows. More likely we will see a shooting star here and it will then resume the downtrend. JMO.

graham.edwards84

Bullish crossover (red circle). Need to complete the pattern then up.

graham.edwards84

BTCUSD made a successful crossover on the 3 hour chart and now we can see on this 4 hour chart that it is again decision making time. The 50 MA (blue MA) is approaching the 200 MA (pink). Will it cross to the upside or will it fail and deflect to the downside causing the beginning of a more major trend reversal lower to challenge the 6000 area of support? At times...

graham.edwards84

The 50 SMA is about to move up thhrough the 200 SMA on the three hour chart timeframe. The last time this happened was April 15th area. Possibly this momentum will get a boost here and you may see a good candle to the upside. However, I'm not overly confident about this rally. If we can push through 7000 it might have some legs... we'll see...

graham.edwards84

Many traders have posted charts comparing the two impulse waves/consolidation periods. My take... You can see I have place the moving averages 20, 50 and 200 in place. Note that the 200 SMA in both has given a good indicator for sell target mid way through the consolidation (red circle) but interestingly, the 2014 wave was moving at a pace of twice the duration...

graham.edwards84

Many are now calling for further downside... 5k 4k even 3k beffore a reversal occurs. But the markets have a way of moving in the opposite direction of what is expected so my advice is to add on these troughs. Not all in, but in increasing amounts on these successive dips. This is as good a turning point as any though... the demand is now pent up and many traders...

graham.edwards84 Updated 

This Canadian index is full of precious metals, like gold and silver miners, cannabis stocks and commodities based resource stocks. It has been consolidating for quite some time as you can see... Looks to be breaking out now. Could be a good idea to find some decent picks in this index to go long over the next year or two.

graham.edwards84

This weekly chart shows how much the moving averages are converging and I'm very positive about the second half of 2018.

graham.edwards84

Bollenger bands are the tightest they have ever been since the inception of this small cap market Index. Looks like it has a good runway to take off. My outlook is still positive as long as the broader market bullishness continues.

graham.edwards84

We got the support we were looking for on the 50 MA of this 8 hour chart. BTCUSD has been consistently targeting the 50 on this chart as you can see. Stochastic RSI and BB%B indicators both with suggested upside ahead too. A rally here towards the 200 MA could potentially lead to a breakout of the downward trend line and a golden crossover (50 moving up through...