graham.edwards84

graham.edwards84 Updated 

Side by side fractal top formation comparison BTCUSD on the left on a 6 hour chart compared to XRPUSD on the right side on a 12 minute chart. Although the time scale is massively different the movements seem quite similar and if you move each chart to the left you will see even more correlation. It's interesting and potentially useful for a prediction? We'll see I...

graham.edwards84

XRPUSDT going parabolic on the 15 minute chart here. Probably not the time to make an initial entry position... Scale out at 2- 2.30 and will look for a better entry once the dust settles.

graham.edwards84

BTCUSD working the diamond wedge on my grid pattern similarly to the previous indicated by the red circles. I expect it will make a strong breakout to the upside as it did before. Sorry about the overly cluttered chart, it does help me identify trends.

graham.edwards84

XRPUSD did meet my interim target and gained some momentum to make a push up to my final target of the 2.20 range. This target could be overshot if there is a blow off top. Once this target is hit I will scale back the position and re enter it at a lower point after a retracement. You can see here that the structure in the smaller fib chart has a nice fractal form...

graham.edwards84

Keeping in mind that this second wave consolidation should end sooner than the first I have on this chart indicated past buy (red circle) and sell (green circle) opportunities and have indicated some possible future targets. Just an idea based on the rhythm. At the end of the wedge it would be safe to go long however the length of the wedge is just an estimation...

graham.edwards84

Making higher highs and higher lows so until this trend is broken I'm not convinced that this is a good time to be a seller. Even if I would recommend selling, it would be at the top of a wave not the bottom. And speaking of bottoms it looks like a nice rounded bottom has just been formed and I like a nice round bottom... lol. It would be nice to see overnight...

graham.edwards84

I had to chuckle a little bit when a chart popped up in the side bar and the guy was screaming SELL BITCOIN RIGHT NOW!!! First of all I don't think it is ever a good idea to advise people when or what to buy or sell ever as it can get you into all kinds of trouble and secondly... where's the fire? Calm down and take a look at your technicals and make a quiet...

graham.edwards84

You want the good news first or the bad news? Lol... Let's start with the bad... Overseas traders last night initiated a very big sell off. Seems like the feeling was that we were getting just a wee bit ahead of ourselves and well, they're right. We can not sustain a recovery in such a quick order. The good news is that we are still in great shape showing...

graham.edwards84

I'm not sure why with ETHUSD there's always these extensively long sideways moves where nothing ever happens and to be honest, trading this coin has become quite boring. I was really thinking that after this second wave it would pick up the pace a bit and rally up sooner like the green arrow indicated there... but it looks like the same old, same old as before......

graham.edwards84

The next step up would be to the 2 hour chart and here the 200 MA is pretty much horizontal still and maybe even slightly up trending still. So if we can get the giddy up here reasonably soon then I think we got this dip put to bed.

graham.edwards84 Updated 

You know if I had to describe coin traders in terms of relationships, Bitcoin holders are clearly blindly in love... Ripple holders well they're like the power couple on a mission right now to get ahead and BCH holders? Fear of commitment! Lol... Bouts of wild passionate affairs followed by periods of not speaking to each other and this is fairly evident by the...

graham.edwards84

To me this looks like a classic dump and grab move on BCHUSD... the problem is that there are soooooooooooooo..... many coins held by so few people that the rest of us do kind of get pushed around a bit. So whenever I see this dump at the end of a rally its perfectly clear to me what is going on.Now you have the 20 and 50 MAs moving up together through the 200...

graham.edwards84

Everything still seems on target in my outlook for the BTCUSD pair. It has landed on that 200 MA support. Bit of a sloppy hard landing but it is there now... We need it to hold here and it should! If it can muster a rally now I'm looking for a move to the halfway point on this fib chart.

graham.edwards84 Updated 

There`s no way now that we are going to have the retrace here that I had expected earlier, and what that means is that my fib chart projection was way off because I was using the smaller formation and should have been using the larger complex as wave one. Now this looks way, way better and it also eliminated some of those concerns that I had when I was rambling on...

graham.edwards84 Updated 

Again here with BCHUSD now and realizing my short term trend lines were not accurately capturing the bigger picture. So we see here trending the vector of the 50 MA that also there is a potential for a move lower in the short term. I have indicated two potential pathways forward. You will also notice that on this time frame the whole structure is being supported...

graham.edwards84 Updated 

Guys, my last chart on Ripple was a 30 minute chart and I can see now that I was off a bit so whenever I get a bit unsure of my close range projection I like to take a step back and trend the 50 MA against the 20 MA from a longer time frame. Here I have chosen the 4 hr chart and placed a trend line more or less on the vector of the 50 MA. You can see that in the...

graham.edwards84

Double fib chart target set 1.85 to 1.90. Probably blow past that to 2 bucks or higher. Just my opinion... I will be exiting somewhere near the top (usually I`m too chicken to hold out for the blow off top, lol...) Looks to be in around January 3rd to the 5th. But the second half almost always up steepening on a parabolic, so possibly sooner. I will update as...

graham.edwards84 Updated 

Here with Ethereum now on a 5 hour chart and again we can see that the 200 MA is supporting and has been tested to hold. I did alter this chart yesterday so I'm not making any changes yet to my projected pathway as I will need to see more price action movement first. But it looks to be somewhat on track.