Since i try to test ermanometry on many instruments only one test satisfy me fast full. Weekly chart of BTCUSD. Erman wrote in his book, that only daily should be used (as the highest timeframe used) but since February 2018 in case of BTC weekly chart is more accurate to get intresting turning points. The lower timeframe (i tried to test even 1h) the more mistakes we get. If You have some questions to the chart above, feel free simply to ask me;)
Note
Intresting thing is that after CFD for BTC are tradeable (since december 2017) not long after that this ermanometry waving has started to work. It has not worked well, when i have analysed it before that time mark (december 2017). Sooo is my little conspiracy theory, maybe true maybe not. Time will tell.Note
Ina case of ripple there is one huge turning week (13-19 August candle). It is probably first time on weekly chart of Ripple when ermanometry have showed power.Note
XEMUSD. Turning week 20-26 August.Note
BCH is somewhat "retarted" in that case:Note
Ethereum 13-19 AugustIs this unbreakable? I dont guarantee that. That can guarantee market makers (representatives of commercial and banking beliefs)
Note
Verge:One candle of mistake, but dip was made, as we can see.
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Komodo - one week to early, but dip is visible.Note
Zclassic - very early dipNote
Zclassic situation 2- in this case one week later local dip was made:Note
And now two possible ways (just like Bitcoin have)First bearish (retest of last dip with Stop Losses clearing)
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Second bullish
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.