AlirezaAzarm

AlirezaAzarm

I don't wanna talk about why Bitcoin still tends to create lower bottoms (because anyone who has followed my previous analysis, knows enough about reasons), instead I wanna talk about the last targets of crypto bear-market for the first time... As you can see, BTC has low-scale Bermuda's above. Mostly on hourly and minutely time-frames, but there is a green daily...

AlirezaAzarm Updated 

As I mentioned on my previous analysis, " Way down we go o o o" , that price will definitely loose the bottom of 17K $, I believe that BTC will loose it soon... The large daily Bermuda has worked well till now, rest of lower time frame bermudas below has ruined, and Bitcoin is properly ready for falling to next castle which is on 15K $ ... this short sell...

AlirezaAzarm Updated 

It's the first analysis on FX charts for me wish my stop loss survives let's see whats going to happen ... * Bermuda Strategy *

AlirezaAzarm Updated 

the structure of BTC recent movement is correction up, so bitcoin still has kept down trend, it means that bottom of 17.6 will be lost definitely... finding the local hight pivot (yellow circles) to set good short position needs to find the best liquidity which is mostly hide behind clouds flats, so we have some candidates from different time-frame which is...

AlirezaAzarm Updated 

based on previous analysis which is linked below, I'm sure about bearish market and losing bottom (26.7 k) for catching an interesting opportunity, I suggest this long position .... bermuda on 29K is a strong level to support BTC, in addition the yellow trend line make a tempting liquidity for big boys to fill their buy orders I expect reversal pivot on purple...

AlirezaAzarm Updated 

it is obvious that the main direction is downward, a probable reversal pivot on the purple bermuda level could be expected but befor that it should eat the tiny one minute red bermuda on 28.5k predicting which level could be our reversal pivot needs to know how much level has eaten from last downward movement. unfortunately I don't have enough data to find low...

AlirezaAzarm

based on the price and time fibbo levels which has projected from the the third bullrun (wave3) to the end of the covid effect, I can see that Bitcoin almost has copleted it first part of bear market and its going to draw a right shoulder while hunting 64k buyers and fall down to the origin of wave 5 around 12k. we couldn't expect bull market befor next 1.5 year,

AlirezaAzarm Updated 

the scariest thing about chart is lack of strong Bermuda below, just a lonely one-minute level (red) on 40150$ . the next support levels are on 35K and 33.5K, all of them from one-minute time frame... On the other hand heavy remaining orders from any time frame has created Bermudas above... so I can imagine the worst case scenario for Bitcoin to hunt 41.9K...

AlirezaAzarm Updated 

if you have an experience of following bermudas, at least for a month, you would be almost sure about having reactions on these levels in the future ... some times price passes bermudas without showing respect! certainly you would be surprised, why? dont be disappointed, it MUST show respect to the ignore levels. just trust on the rules ... take 0.23% risk and...

AlirezaAzarm Updated 

based on the strength of Bermuda's , I can see that 46K will be reversal pivot for bitcoin because there are m15, H1 and H4 purple levels close to each other ... let's see whats going to happen...

AlirezaAzarm Updated 

all the up levels expected to be broken and hunt buy orders on 46k (anti-supply demands breaking strategy) let see whats going to happen ...

AlirezaAzarm Updated 

BTC seems creating a pivot, swallow the orders above, clear path to the up levels, the first important one is 43.7K ... less than 3.5% stop loss with a more than 23% reward expected ...

AlirezaAzarm Updated 

• Changing candles material after 0.618 (timeline) is obvious ... • It is just the beginning of second part of bull run which has almost 6 months old ... • 35k expected in this week but long term maybe more than 130k ...

AlirezaAzarm

most of traders know about classic technical analysis, all of them are familiar with patterns like triangle... but have you ever thought about whales and marketmakers? dont you think that they know as well as traders know? are they just sitting and watching traders earning money easily? i dont think so... its because why im going to short this increasing...

AlirezaAzarm Updated 

Decreasing doown trend velocity and strength is obvious, BTC seems going to return to pivot (ATH, 69k)... There are some levels with different amount of remaining orders above, the first one is 50K for a intresting short term trigger, i hope i can enter on 43.9k just with 220$ stop loss... let see what's going to happen...

AlirezaAzarm

a short term forecast for BTC provide a long position chance ... let see whats going to happen ...

AlirezaAzarm Updated 

its combination of fundamental and technical analysis on ETH current condition network is like old fossiled car, it is the best at the design but not efficient now! on the other hand, ETH2 update has already filled half of its road map and all the crypto fans waiting for ethereum immigration on POS algorithm and difficulty bomb. Other alternatives like SOL , ADA...

AlirezaAzarm

as you can see we have nice reactions on 38.2%, 50% and 61.8% time lines. it projects the second bullrun (2015-2017) on the the end of last big correction which was COV-19 effect on the other hand, bitcoin has ignored a major pivot on 53K, so we could expect an outstanding reaction... at the end, we have a long term trend line which is more tha 600 days old with...