I am reading articles regarding Elliot wave theory which is very interesting to me. I have used daily chart and Dray impulsive and corrective wave.
Since this is learning portal I can make some mistakes, right?
What do you think about my counts? It's totally newbie style and I thin kthat wave 1 shouldn't be so high.
Going back to theory ... I...
I am watching EUR/USD graph and hoping that It will go up. I have marked death cross that happend last. I have marked possible golden cross and two ideas of how this might go.
If I try to draw how I would like this plays out I can see that I can expect golden cross somewhere in the second half of august.
My prediction (hope :)) is that on 15th of...
I noticed few mentions of NVT so I tried it out. Accroding to theory it's something similar to RSI (my opinion). I checked on internet and values below 45 meaning oversold and values over 150 meaning overbought.
Currently it's around 200 on daily which means that this is extremly dangerous for longs. But this is bitcoin.
First off all I would be...
I am watching 1h chart and I can make following conclusion:
- Price is falling. I expect that it will fall further or move sideways.
- If i predict movement in same price range than I can expect prices aorund 7500.
- MA200 yellow and MA50 on 1h might cross tommorow morning around 7h.
- RSI is falling. It has been falling faster and faster. Current...
This is for educational purposes only!
REMINDER: Please respect the fact that Bitcoind is kidding with me all the time.
In the moment whem my analyses will be puclished and locked it will go other way that I have predicted!
You been warned !
Let's get to it :)
If I check 1h graph I see that one big ugly H and S is forming.
I have drown tese two lines in september 2018.
Up to 2 months ago there was no hope that this line will be reached.
And today trading on 8300 is around this number. With strong bullish news.
I am scared where this will go :)
I am newbie here. I have wrote analyse according to my best knowledge and wrote to lines aroun 10th september 2018. After 2 months it was that big fall.
Intersting thing is that corssover of my trend, btc price and MA50 on daily have crossed almost on same place. I hope that someone can explain how can I be so accurate.
I can tell with great...
I dray 2 lines on Daily chart at begining of october 2018. In middle of october price dropped so it fell out of my triangle.
According to theory price should near these red lines in near future.
Now we have 3 possibilites:
1. price goes up and hits upper line (bull scenarion)
2 . price bounces from my bottom line and goes down (bear scenario)...