raovida

raovida

I believe that Bitcoin (chart on the right) is aiming to replace gold (chart on the left) as it is quite literally the same concept as it (a limited resource that acts as currency). If you look at these 2 charts using a logarithmic chart you will undoubtedly see a resemblance between the 2. I theorize that Bitcoin has been rising at an exponential rate just to...

raovida

This messy chart is based off of Gann angles, Fibb levels, channels, sentiment analysis and wave counting. I believe this long term downtrend has been a 5 wave impulse and is currently completing its 4th wave correction with a classic ABC move. Target 1: 1.125 Target 2: 1.073

raovida

This chart may seem a bit messy but I assure you every line drawn on it is essential to forecasting. My presumption for this pairs direction in the medium term is based off of wave counting, sentiment analysis and Volume Profile/Fibbonacci/Gann angle support/resistance areas. In addition to a possible cup and handle pattern being formed if this plays out as I...

raovida

adding this in addition to my previous post as a secondary and most likely scenario for what this pair will be doing for the long run

raovida

I believe this is a 5 wave impulse correction within a monthly range.

raovida

Using fib levels, long term trend lines, volume profile levels (not seen on chart) and divergence confluences I determined that this is my view for this pair for now. If 1400 is broken as of writing then I will consider this invalidated. The targets are 1370 as of writing to the 1220-1240 area. From there I am expecting it to rise hard towards the .382 and .618...

raovida Updated 

The 2W,W,3D,2D and D are divergent towards a bearish bias, however the 3W and M are bullish . Using simple trend lines and fib retracement you can see where this will be going for the next few weeks. From what I can see on the Weekly timeframe this should reverse at the .618 indicated on the chart.

raovida

The targets for this are the 106.5 area, 110.8 area and then 102. This is based off of confluence between: long term trend lines, volume profile resistance levels and fibbonacci levels. There is also bullish Divergence seen on the daily, 2D,3D and almost weekly levels but bearish divergence on the 2W timeframe. I want to say that at 102 it will bounce up to...