graham.edwards84

graham.edwards84 Updated 

ETHUSD has found some good support on the 50 MA of the 8 hour chart and will make a double bottom before attempting a reversal. This is about as good as I have seen on the big coins right now and I'm still holding. Indicators are showing close to a rebound... just need that double tag to land.

graham.edwards84

Head and shoulders forming and a face only a mother could love... lol.

graham.edwards84 Updated 

My feeling is that BTCUSD will tag the 50 MA on this 12 hour chart then make it's way higher for a topping pattern 12500 then potentially up to 13500 or even 1400. This is based on a technical analysis and I have not provided all the details of the analysis in the chart, just a projection. This is an idea only please trade with care and consider your information...

graham.edwards84 Updated 

That was a disastrous day for BCHUSD and it is really showing weakness now with this large down trending channel that has opened up off the top of the spike. This coin is known for a long down trending consolidation and that certainly does not boost my confidence either. Unfortunately as we had discussed earlier today the red trend line was the real line in the...

graham.edwards84

For my friends who are still really pulling for BCHUSD to rally, there is one potential path here to salvage a rally and that would be to consolidate sideways until the 20 and 50 MAs can find support on the 200 and then slowly turn and reverse. It is a possibility that this idea could play out with enough bulls and good volume coming in.

graham.edwards84

Potential target projection chart. Just an idea...

graham.edwards84

If BTCUSD can reverse and hold here at the 10 K mark then mount a bullish reversal the next target area would be 16K!! Just saying...

graham.edwards84

This 4 hour move had to come at the 500 mark and if you've been following my calls you will have heard me talking about a bump here. DO NOT SELL here. This is a necessary move and now ensure we will go past 600. This has nothing to do with BTC... it is a technical move that had to occur.

graham.edwards84

BCHUSD might end up looking something like this before the next upside move now. Just an idea... As long as we stay above the red trend line it should be in good shape... but I expect there will be at least one more test of everyone's nerves...lol...

graham.edwards84 Updated 

Channel up and channel down... which way to go...? Thoughts?

graham.edwards84

Is this another indication of a break to the downside? Ancient alien theorists say yes... lol.

graham.edwards84 Updated 

BTCUSD is looking extremely tired from his long run... probably should put his feet up for awhile hey? He's done a great job though... He should feel better after a massage and a good nap... lol...

graham.edwards84 Updated 

We did have a slip to previous support resistance areas but as you can see from the previous wave that these types of dips are normal and it aids to shake out weak longs and bring in strong longs. I'm not overly concerned with the move an am holding throughout. Now that the 20 and 50 MAs have moved beneath the 200 MA it should cause a bullish reversal with some...

graham.edwards84

ETHUSD is trending nicely in the 2 hour and 30 minute charts and is in a bullish formation in my opinion which I call a melting up wedge. This is not what I would term as a rising bearish wedge because the travel is still too small for that. However if it did break down through this trend line on either of these two charts then I would reassess my outlook. It...

graham.edwards84

Of course we are all waiting to see what BTC is doing and it does look to be moving lower but any BTC rallies will have an effect on BCH buyers coming in, as generally traders will move on last wave blow off top trades as they are the most profitable. In the mean, time this does not suggest that BCH is still not poised for a rally and it is still showing...

graham.edwards84 Updated 

50 MA moving down through the 200 MA here on this 1 minute chart will collapse the structure

graham.edwards84

ETH is also looking bullish. Looking for 550 range for the top on this next structure.

graham.edwards84

BCH is looking very bullish and I anticipate the next wave top to target the 2200 range