Technical Analysis Contest With Merit Rewards

[1Referee]

We're obviously bored and there's still more than four months left to this crypto winter wonderyear, so get cracking, you profit-touting analysts!

Actually, we might be up for potentially a 'bear market' that lasts all the way till Q2/Q3 of 2019.

Historically, the first few months of each year thus far have always been the worst months for Bitcoin. Nothing but declining prices.

It allows long term minded Bitcoin freaks to keep accumulating coins well under the $10,000 level for plenty of more months, and we can enjoy how crazy the constantly changing sentiment is here, and the shitfights happening within the EOS verus ETH scene. I love the drama in this scene man, there is never a shortage of it.  

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[TomCrypto]

Nice topic, will definately follow this for educational purposes. Maybe later on i will try and add a graph o myself too, i am not confident enough in my line drawing skills to share this at the moment.

Even if you don't feel confident to do some TA you can participate to the ART part of the contest where the most beautiful art made on chart is awarded with 2 merits

[WiseFoxxy]

I'll take a stab at it

A graph with the different overlays of your technical analysis: https://www.tradingview.com/x/6Ljh7h3Z/
The Target in price that you forecast and an approximation of time of when it will occur: 7779
A little description of your TA than explain your target in price: Bart Candle Manipulation, hunting for stop losses, using TA concepts against the people, slow creep upwards with ETF anticipation growing

This is really good use of trendlines. The patterns are bang on.

I'd do it too, but mine would look pretty much the same as this. I might add that the MACD is building a bullish divergence on the 4H, and I would be a bit hesitant to call 7779 because it looks like there could be a stall at the 7477 level which is .618 fib resistance and 1.618 extension XOP target.

Unless of course some ETF madness causes it to surge straight past those levels.

[atrocityx]

I'll take a stab at it

A graph with the different overlays of your technical analysis:
The Target in price that you forecast and an approximation of time of when it will occur: 7779
A little description of your TA than explain your target in price: Bart Candle Manipulation, hunting for stop losses, using TA concepts against the people, slow creep upwards with ETF anticipation growing

This is really good use of trendlines. The patterns are bang on.

I'd do it too, but mine would look pretty much the same as this. I might add that the MACD is building a bullish divergence on the 4H, and I would be a bit hesitant to call 7779 because it looks like there could be a stall at the 7477 level which is .618 fib resistance and 1.618 extension XOP target.

Unless of course some ETF madness causes it to surge straight past those levels.

Thanks for the compliment, good luck with your chart

[El duderino_]

i allready had this one made up when i was on holliday few weeks back ..... let say THE THIS MOMENT PART .... we will be A 2000 higher so 8500.7 USD

[buwaytress]

1 entry in so far, @atrocityx so you're in running for a fair bit of merit. You neglected to mention a timeframe for your prediction though? Or are we meant to extrapolate from the chart?

We're obviously bored and there's still more than four months left to this crypto winter wonderyear, so get cracking, you profit-touting analysts!

Actually, we might be up for potentially a 'bear market' that lasts all the way till Q2/Q3 of 2019.

Historically, the first few months of each year thus far have always been the worst months for Bitcoin. Nothing but declining prices.

It allows long term minded Bitcoin freaks to keep accumulating coins well under the $10,000 level for plenty of more months, and we can enjoy how crazy the constantly changing sentiment is here, and the shitfights happening within the EOS verus ETH scene. I love the drama in this scene man, there is never a shortage of it.  

Mmmm, a prolonged bear market that stretches past a year from now? I'd be on for that. Interest dropping, volume stabilizing. Even price in perpetual sideways momentum. Perfect launchpad for the next bubble to rise (oh no, I used that word). More tales to be told when I'm old, then

Shitfights with EOS/ETH? That took its time!

[TomCrypto]

i allready had this one made up when i was on holliday few weeks back ..... let say THE THIS MOMENT PART .... we will be A 2000 higher so 8500.7 USD

Thank you Micgoossens for your participation with this quite uncommon chart! It will run for the art part of the contest

1 entry in so far, @atrocityx so you're in running for a fair bit of merit. You neglected to mention a timeframe for your prediction though? Or are we meant to extrapolate from the chart?

Indeed atrocityx is for the moment the only one entitled for the cumulated 10 merits reward (at minimum) if no one else take a shot at doing some TA.
And Micgoossens is also the only one to amaze us with BitcoinART!

For atrocityx time prediction, on its chart the 13th of september is specified : I had in mind to use this time target for his prediction. @atrocityx correct me if I am wrong

[jojo69]

came for the new T&A thread

was disappointed

[bustedsynx]

This contest will not do well. Usually contests have a target date and target price. A one hour chart cannot show that.

[El duderino_]

came for the new T&A thread

was disappointed

then show them how its done .... i'm NOT a ta guy ...... are you ?

[buwaytress]

@micgoosens, boy am I tempted to try and outdo you, but you deserve the art prize, no one can come close to demonstrating in one splendid chart how we'll always return to this wisdom. Don't need no TA to tell us that.

@atrocityx, 25 days to your prize, hope this occasional bumping attracts the high-lives of this forum;)

@OP I guess TA is deader than all the charters would like to admit?

came for the new T&A thread

was disappointed

What? You didn't have any kind words for our two participants? Show some support, or show them how it's done, why don't you?

[TomCrypto]

came for the new T&A thread

was disappointed

Thank you for your input, if you could elaborate more on why you're disapointed, it could be great for me, I could try to change something to the contest.
It's just the beginning of the contest, I'm sure more participants will come, they are all polishing their charting tools at the moment to generate the best TA forecast ;p

This contest will not do well. Usually contests have a target date and target price. A one hour chart cannot show that.

Thank you Bustedsynx. The one hour chart is the minimum timeframe, participants can use any other timeframe greater than 1H if they want. I didn't allowed lower timeframes because I'm not 24/7 on BTCT and therefore if someone would have posted a 1m timeframe charts with a time target 15 min later I would not have been able to see if he didn't modify its post after the time target.
Target date and target price is specified in the rules : They are defined by the participant (not everyone is a intra-day trader) but the time target have to be before the 13th of september. When the contest will end I will calculate an accuracy score for each charts for time and price and it will allow me to choose the winner on the different categories.
If you have any advice on the rules, I will be glad to update them

@OP I guess TA is deader than all the charters would like to admit?

In my optinion a lot of Technical Analists lost interest in TA lately due to this bear market.
That's why I started this contest, I wanted to give an incentive to relaunch activity on TA in the forum

[atrocityx]

1 entry in so far, @atrocityx so you're in running for a fair bit of merit. You neglected to mention a timeframe for your prediction though? Or are we meant to extrapolate from the chart?

I thought you said September 13th was the end date or something?  Lol I'm a bit drunk but I thought it was "1 month from now"

[TomCrypto]

I thought you said September 13th was the end date or something?  Lol I'm a bit drunk but I thought it was "1 month from now"

You were the first to participate so I m enclined to let you change your target date (the target date must be before 13th of september) if you want.


Thanks to the merit donator, I have added one more merit to the pool.

[jojo69]

https://www.urbandictionary.com/define.php?term=T%26A

sheesh, tough room

[Last of the V8s]

https://www.urbandictionary.com/define.php?term=T%26A

sheesh, tough room

https://en.m.wikipedia.org/wiki/List_of_topics_characterized_as_pseudoscience
tru beliebers not much sense of humour

[Pursuer]

came for the new T&A thread

was disappointed

Thank you for your input, if you could elaborate more on why you're disapointed, it could be great for me, I could try to change something to the contest.
It's just the beginning of the contest, I'm sure more participants will come, they are all polishing their charting tools at the moment to generate the best TA forecast ;p

I don't think his disappointment is in you or the topic but rather in lack of participation in the topic and I don't think it is going to change since topics so far show that people aren't interested or maybe some of them not capable of TA for bitcoin.
I was expecting at least someone steal something from here and post in this topic  https://www.tradingview.com/ideas/search/bitcoin/ haha

[atrocityx]

came for the new T&A thread

was disappointed

Thank you for your input, if you could elaborate more on why you're disapointed, it could be great for me, I could try to change something to the contest.
It's just the beginning of the contest, I'm sure more participants will come, they are all polishing their charting tools at the moment to generate the best TA forecast ;p

I don't think his disappointment is in you or the topic but rather in lack of participation in the topic and I don't think it is going to change since topics so far show that people aren't interested or maybe some of them not capable of TA for bitcoin.
I was expecting at least someone steal something from here and post in this topic  https://www.tradingview.com/ideas/search/bitcoin/ haha

Lol yeah, I was thinking the same... the problem in trading right now is its hard to really predict anything past a few hours in advance, since the amount of shorts and longs has a lot to do with how the bart candles react. You need to see where they are entering on free liquidity and what's most likely to cause a short and long squeeze and where those specifically entered and where they're most likely stops or liquidation are.... standard TA doesn't really work in this manipulated margin environment.

[El duderino_]

I’m surely not capable for BTCTA but like to see them When Many green and lines Going up are on the map 
But When its long term vision then you do not be really bothered with those TA ... then its more to kill the time till When we get there
My only TA is buy and hodl its also the most easy to do 

[TomCrypto]

Indeed lately the market is not easy to predict.
But here it's just a contest, nobody will judge you or invest on the charts you will create. It's just for fun, with some merits to gain and maybe we will find the luckiest guy of the forum (or the greastest chartist).
There is more than 10 merits here and even an art contest! If I were a junior member I will be more than eager to participate and try to win those merits.