graham.edwards84

graham.edwards84

Finding support on the 100 day simple moving average? Or do we prepare for the worst case scenario of testing the 200 day MA?

graham.edwards84 Updated 

Although there appears to be a slight "chance" that the 2013-14 cycle could be similarly repeated, the scenario is highly unlikely as the unwind on this scale would take over three years. It is difficult to plot Bitcoin on a weekly chart. Momentum and interest is gaining exponentially and my preferred time scale is the 4 hour chart.

graham.edwards84

Adding to my Etherium position if these targets are met.

graham.edwards84

Buying opportunities?

graham.edwards84

Litecoin idea.

graham.edwards84

There's no doubt in my mind that gold will rally into the future. Picking an exact moment in time depends on a number of factors. I'm seeing a bull flag pattern currently developing so further weakness is expected in the short term potentially down to 1200 or even lower for a final dip into the 1150 range. But long term outlook is very positive.

graham.edwards84

The US dollar has not much left in it. Perhaps a final pitiful rally to the 102-03 range before collapsing.

graham.edwards84

Notes on chart

graham.edwards84

USDJPY is now finding lots of support on a previous trend line resistance. I suspect it will reach for 114 before correcting.

graham.edwards84

We may revisit the 40 dollar range first which is a strong support of the 400 month MA.

graham.edwards84

Bullish recovery followed by another crash. It is inevitable. So, long then short, best trading is on the swings.

graham.edwards84

Possible break out? Or a reversal and retest of the lower supporting trend line.

graham.edwards84

1st target reached

graham.edwards84

Similar pattern building but on larger scale?

graham.edwards84

Note is on the chart.

graham.edwards84

Showing the inverse move required from USDJPY in order to propel gold to 1375 range.

graham.edwards84 Updated 

Could we retest the summer highs of 2016?

graham.edwards84

From a previous chart. The BTC/USD continues to move up to the target sell range in the 2500 then a fairy rapid drop to the 1850 -1900 range but I believe we will maintain the uptrend. Any break below this trend line could result in a bigger sell off.