Quote from: Wexlike on January 27, 2020, 04:44:37 PM

Very difficult to predict anything based on these indicators. I rather prefer to follow a few high profile speculators like

dmwardjr (very detailed godmode technical analysis)
his thread: https://bitcointalk.org/index.php?topic=5140701.0

exstasie (rather large scale sentiment analysis)
his thread: https://bitcointalk.org/index.php?topic=5196072.0

Josh Olszewicz (youtube crypto analysis)
https://www.youtube.com/user/carpenoctom

and Masterluc with his beast of a chart
https://www.tradingview.com/chart/BTCUSD/JSP3KDmy-New-long-term-prediction-as-I-see-it-now/

+1 on everyone you mentioned. all of them are very rigorous, but each has a very distinct style. the speculation board is super lucky to have people like dmwardjr and exstasie giving away their TA for free. i've been in paid groups with much worse analysis.

one more analyst i'd mention is xxxx123abcxxxx. he's been spot on several times re major cycle tops and bottoms. he says he's too busy to make a new thread for 2020 but he still pops by his old thread to offer occasional forecasts:
https://bitcointalk.org/index.php?topic=5128394.msg53681405#msg53681405

Quote from: yamasis on January 24, 2020, 12:11:30 PM

I have been studying BTC price chart with the indicators but found that indicator's accuracy rate is not high..

EW is easily butchered, which leads to faulty analysis. it takes years to master the rules and especially the guidelines to intuitively feel out the market. i recommend sharing your EW counts here so we can offer some critique and see where you might be going wrong.

indicators like RSI and MACD are about as accurate on BTC/USD as any other instrument. taken alone, they are never enough to reliably forecast the price. they offer one piece of the puzzle---specifically, they gauge market momentum. you need other pieces too: bar charts or candlestick charts so you can recognize bullish/bearish setups, a "big picture" cycle analysis strategy like elliott wave, measures of trend like moving averages/EMAs/channels, and volume to help confirm the dominant trend direction.