tradersedgeray

tradersedgeray

As per previous S&P long term trade the double top target was reached. This is an update long term trade time frame monthly into Aug-Nov TP1 5350 TP2 5800 stop-loss monthly close under the double top/break out level. If demand zone is reached prior to Nov we could re enter the Mid mark up phase 2-2 of stage analysis.

tradersedgeray

NVDA has lost momentum and broke POC plus the 50d a gap fill is on the cards if the POC can't be reclaimed. This is a good RR trade.

tradersedgeray Updated 

There is a large area of thin volume on the market profile of BTC's sudden drop over the past couple of weeks, possible stop hunting areas will be 2x the daily range than usual as volatility has increased. A gap is visible in the CME 5day chart this would be a good area to trade long into and then short the top once filled, this also lines up with a 200D retest

tradersedgeray Updated 

Friday close imo is the most important close of the week along with the Monday open. Why is this a case Friday lines up with big picture ideas that form market structure such as. -major support/resistance -key weekly close pivot points -risk off limit over night/weekend exposure -weekly rebalance CME trade a 5 day chart as opposed the BTC 24/7 trading on the...

tradersedgeray Updated 

Over the past year BTC broke out of a stage 4 decline it formed a "cup and handle" broke out above the 200D MA but failed to hold momentum but instead rolled over into a range. It's now trading under the POC "27900 level" the path of least resistance would be to target the 200D MA as a demand zone, this should play out by the end of this month if we print a...

tradersedgeray

The AUD has been trading under the 200D for a while now making LH's. At the .61 level we have a double bottom a retest of this level has a low probability of holding, if a strong bounce is not achieved all hell could break loose on a third test.

tradersedgeray Updated 

This is a bullish scenario of BTC based on the weekly as per my previous chart "cup and handle pattern" that is now in the final phase "the break out", this chart shows the target ranges if the supply zone fills all orders look for t1,t2,t3 to take profits. Invalidation is at lower POC

tradersedgeray Updated 

bullish chart signal "cup and handle for BTC giving a price target of 50% from break out level (aprox 34-35k) is the price target.

tradersedgeray Updated 

As per my last trade call that was a loss and targets missed we now have a trend reversal, BTC is to enter a supply zone if momentum holds true by the end of the February candle close.

tradersedgeray

The index is about to trade outside of the down trend either entering a range or pushing for a double top near September.

tradersedgeray

ASX200 is at a double top, if momentum holds this would be a powerful breakout the chart lines up for a market exhaustion at tax time =)

tradersedgeray Updated 

The BTC bear market has been a long one over a year now since I last charted it, but once again it has caught my eye as targets have been hit! I have been trading both markets traditional and crypto for six years now, tried multiple charting patterns and trading techniques and have done a full circle. I have seen charts with indicators leading and lagging...

tradersedgeray

Bitcoin looks to be headed range bound if it can stay within the high lighted zone and "coil" its any ones guess if it will break down or up. demand zone is at $27700 a strong bounce from this range would be bullish but also a retest of 2017 ATH at the 20k level would be nice to see as well and would give strong conviction to go higher if it held.

tradersedgeray

I see a bearish engulfing on a monthly chart after a parabolic bull run, shit this does not look good but hey the trend is still intact for now but this should be a sign of caution. demand zone is 3200 if shorting the path of least resistance, invalidation of trade if this level hold new ATH would become more probable.

tradersedgeray

wow this chart scares the shit out of me, I can look at the Bitcoin chart and say the same but like they say the trend is your friend and for the Aussie prices are down down down! anyways lets keep it stupid simple like I do with all my trading, zoom out to the 6 month chart and you'll see we have a strong demand zone at .70 we are teasing that range and if we...

tradersedgeray

silver would have to be one of the most under valued commodity imo based on a technical chart its down nearly 60% from ATH and pushing the lower band of the demand zone. like gold I would mark this as a monthly time frame chart "big picture trading" and if $20.85 holds it could form that cup n handle similar to the gold chart, if price breaks that support $14.99...

tradersedgeray

Gold has retraced under the 200d MA and had an attempt to break out of the down trend but failed, I see the long term path of least resistance based off a monthly chart is higher and it looks like its forming a cup n handle chart pattern into the two demand zones I have highlighted. I'll be looking for longs trading off monthly closes, invalidation is sub $1450...

tradersedgeray

"the time to buy is when there's blood in the streets." Baron Rothschild demand zone 1,2,3 high lighted. 55-85% correction