EdProTrader

EdProTrader

Historically there have always been crashes (downtrends) and the S&P 500 TVC:SPX has recorded them quite well. This chart takes a look at some of those crashes in the past 20 years and measures their decline and subsequent recovery time in order to better gauge where a bottom (new uptrend) may lie in the current trend. Now, aside from economic recessions or...

EdProTrader

Analysis: Most specualtors and traders alike expect BTC to reach a point of trend reversal. And although we were expecting a reversal earlier, we imposed a 2900-3000 'bottom' (the 2017 uptrend level) for that reversal to begin. Nevertheless, our valuation is that Bitcoin will drop below those levels to a old 'mean' average of anywhere between 1900-1200. ...

EdProTrader

Kraken chart. Analysis: Expect bearish trend to be stopped and a trend reversal to begin within the 4900-4000, with these levels holding many demand and buy zones. However, use stop losses tightly, as a potential drop to 3700 (the start of the bullish trend in 2017) is part of the chart analysis. Fundamentals including macros and micros include recent BCH...

EdProTrader

Breaking out of a bullish channel, price reacted accordingly, but still within an upward momentum in its forecast, follow support at 6380. Yet, a demand level of 6350 hasn't' been touched as of yet. I would expect price to move UP from that zone. Although we are continuing in a sideways trend (neither a bearish nor bullish) Resistance is present at the 6480...