graham.edwards84

graham.edwards84

This chart shows divergence on the Stochastic RSI and has resulted in many good trades previously. For this set up we will target the 100 moving average.

graham.edwards84

NEOBTC reversing but unlikely to make a new high here.

graham.edwards84

My friend and I missed the NEO boat. But she will return to pick us up soon.

graham.edwards84

Showing resistance areas and channel patterns.

graham.edwards84

Please see the chart linked below for more details. invst.ly

graham.edwards84

AMPBTC is looking good too now and it seems that quite a few altcoins are making their way through their corrective wave cycles and are reaching out to gain ground above the 100 MA. In this case looking at the 4 hour chart and it looks bullish to me. Next would be to watch the 1 hr chart and see if a similar set up occurs. If so I would expect a new rally to take place

graham.edwards84

I don't see it breaking out just yet but it is due for some upside. It is range bound and just needs a bit more time for the daily moving averages to converge and smooth out. So I'm thinking within a couple more weeks it will look much better. Very important that it holds at this level or it could fall to the .00003 level.

graham.edwards84

Sometimes you see these more rounded wave formations before a rally and its usually to get above a 100 moving average. Can also be accompanied by a cup and handle at the end and then it takes off. Just a hunch it doesn't always work out but some other indicators can help and in this case a positive MacD. We'll see. There's a big one playing out in GOLD right now...

graham.edwards84

Hoping GAME breaks through this resistance and it will be "GAME on"...

graham.edwards84

Yes, there is a chance we could pull back to the 3000 dollar range before heading higher. But when you look at the Stochastic RSI indicator it seems to be saying that for the next couple of hours it should trend higher.

graham.edwards84

Still looking good with the 20 now crossing over the 200. I'll be switching to a one hour chart soon!

graham.edwards84

It seems to me that the longer term trend of the US dollar is in a downward trend and so I expect USDJPY to behave no differently. Over the next few years this downward trend will assist with higher gold prices. Although the two aren't perfectly correlated, it is probably the best inverse correlation (USDJPY and XAUUSD). I think the supporting range of 100 - 125...

graham.edwards84

My feeling is that one more small downside move and we will start to see some positive indication for GOLD to rally or at least enter into the final stages of consolidation and it could stretch this out a bit before climbing. It would be great to see the 100 offer some support and for it to remain above the 100. The range of 1200 to 1300 has held for a long time...

graham.edwards84

Seems like Litecoin is doing a retest of some long time resistance (now support) level so if it holds at this level I expect a rally higher.

graham.edwards84

Keeping an eye on BCHUSD one of the most hated cryptocurrencies it seems. Well it has been beaten down pretty badly but now on the 30 min and 1 hr charts it's starting to look like a buy. Showing good divergence as well as that 20 Moving average rising and the 100 falling, a crossover would be another good indicator. Bollenger Bands are tightening very nicely...

graham.edwards84

Last week I published a chart with an idea that BTCUSD would fall back to the $1500 US range. I received a negative comment about this chart kind of to the point of being a very bad analysis. The commentator lead me to think that maybe I'm being influenced by my own desire to see the coin fall so I can scoop some more up cheap. So. I decided to go back in time...

graham.edwards84

Okay, I'm not afraid to say I was wrong. But... I'm still not convinced. There's a part of me that is holding back and really wanting to see confirmation and its tough when the indicators are in over bought condition. But I have converted from wedge to channel. So it's a nice compromise at this stage. I could actually BELIEVE some channel action here. It seems...

graham.edwards84

Just looking at this setup and I think we're going to have some similar repeat of the previous move indicated. Thoughts?