graham.edwards84

graham.edwards84

BTCUSD could repeat this move it made back in Oct 2013. History may not always repeat but um... it's looking very possible the price will be 130K before the end of the year, even as high as 200K

graham.edwards84

April 3 JP Morgan revises their long term top to 130K based on a "Gold Alternative" statement. But are they really just signaling to other banks their intended cycle top for this year? Maybe

graham.edwards84 Updated 

Shorts are creeping to the upper range. Bitcoin price moves very unpredictably and we need to set aside our egos and be completely objective which is extrodinarily difficult to do. Large holders have a heavy hand in this market and can steer it around. They power over the rest of us in terms of their abilities to move the price point, as such we need to think like...

graham.edwards84

Hi Guys, today we're looking at the trading pairs CADUSD (USDCAD) side by side. If you have been following you will have seen the chart we posted on Crude oil and calling for a reversal at the 42 dollar area and it has respected this request and the 200 SMA on the 2 month chart with lots of historical support. With the rise in crude prices expected we can now look...

graham.edwards84

Hi Guys, today we're looking at WTI crude oil or CL1 on the monthly chart and right off the bat it is looking like a reversal is very close. We can see many technical indicators that point to this. As you can see firstly illustrated by the yellow circles on our chart that the $40 area has long term support going as far back as 1990 even. Price action is...

graham.edwards84

It just seems too good to be true. Santa... and a miracle too! I just hope the hangover isn't so severe.

graham.edwards84

In this analysis we are looking at the 5 day chart which is very similar to the 1 week chart but gives us a little bit different perspective and we like to study multiple time frames to make a well balanced outlook. So here goes... Right off the bat it's clear we have a very bullish reversal but the question is... where is the target? Market makers will be looking...

graham.edwards84

This rally is losing momentum and we would recommend a sell target between 3900 and 4000 with a potential top just over 4k.

graham.edwards84

It's likely the target low is the 200 MA on the 2 month chart. It reversed from the 200 MA on the one month chart. So we're looking for a reversal around the 44 dollar mark but we would expect a shadow candle to go through so maybe 40 dollars tomorrow before the rate announcement. After that we are expecting a reversal regardless of the decision. We think this US...

graham.edwards84

Both here on the 30 minute chart and both are following this timeframe quite tightly right now. We expect the short side to fall here having climbed back up to the 20 MA.

graham.edwards84

DXY is looking very tired here and it is quite evident that the rally on this one week chart is losing steam. This can be seen in the indicator trendlines moving down against the price action. My money is on the Euro here to rebound fairly soon. It is indicating that it is builing up energy for a reversal. However, when big reversals are about to happen there...

graham.edwards84

This is a nice indicator. Doesn't guarentee a sustained rally but it's a very promising sign. Yellow trendlines on the stochastic RSI moving up against the pricepoint.

graham.edwards84

If we use the 200 Monthly Moving Average as an indicator of where generally price point moves above and below then SPX could be due for a teensy correction... Our chart indicates a top of around 3000 but also shows two other possibilities; a blow off top at the next fib level 4700 and /or a corrective back to the 1500 level which would also be a major support...

graham.edwards84

If we use the 200 Monthly Moving Average as an indicator of where generally price point moves above and below then it could be due for a teensy correction... The question is... where will the money flow if this correction gets underway? Any ideas out there? Love to hear from you.

graham.edwards84

If we use the 200 Monthly Moving Average as an indicator of where generally price point moves above and below then it could be due for a teensy correction... The question is... where will the money flow if this correction gets underway? Any ideas out there? Love to hear from you.

graham.edwards84

Massive rising wedge pattern, BTCUSD Shorts will soon be faced to make a decision. It looks like buyers are losing confidence here. Recommendation to put on your short shorts... lol

graham.edwards84

Now that the new trade pact agreement has been worked out "USMCA", between USA, Canada and Mexico we could see investment money flowing back into Canada. The resource sector has been beaten up pretty badly and on the currency side, the US dollar has had a pretty good run. Technically, we can see on the right side one week chart that the pair has formed two large...

graham.edwards84

What looks about to happen on the US Dollar Index 1HOUR chart is a bearish Moving Average crossover where the 50 MA will move down through the 200 MA. Because it is situated at the bottom of the channel I have drawn, (blue lines... ) the move should knock it down below the channel and that is a significant breakdown. You can see there is support roughly every 50...