Morteza-Emzajerdi

Morteza-Emzajerdi

The market has gone bullish again while Bitcoin is cooling off. Weekly Elliot Waves Analysis is implicating that we are halfway up toward the end of the 3rd impulsive wave. Price has been channelized as shown. Reactions to Dynamic-Static S&Rs have been shown. If you have checked my previous analysis on EOS I have mentioned that an upward breakout has happened....

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If you have checked on my previous posts you should have seen that Weekly & Daily Cypher structure. I have tested the Elliots & Fibs., I have tested descending & ascending price channels & Dynamic - Static S&Rs. Meaning I have put in test every technical theory affordable to the best of my knowledge to let those less experienced "Traders" know: 1. "Previous/past...

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We need more volume here. If the market buys it more then 0.10 is not out of reach. Also, look at RSI (2) being channeled up. Weekly RSI (2) is showing negative divergence at the top which is implicating that TRX lacks enough strength. Then I expect two scenarios: A pullback to 0.045 as a best case scenario, or deeper toward 0.035 which the latter sounds less...

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Chari is "Daily". Pullbacks are possible. I you work in futures you need to set proportionated stop-losses &/or stop-limits. Important S&Rs have been depicted. - Daily price has made a double bottom. - RSI (14) is showing accumulation & getting more strength. - Also MFI has a positive divergence at the bottom with price chart - money is coming in. - PSAR is...

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Finally the dynamic resistance is broken out. FYI, that is the 12th one. I await a true trend reversal here. I hope. ;-)

Morteza-Emzajerdi Updated 

These crazy young tyrannosaurus needs rest for a while. Reasons: 1. Weekly RSI (2) negative divergence; 2. Weekly negative Harami candle up there just beside that beautiful long green candle. Then, if it is going to be the 4th wave it is very welcome. I would like hold BTT. Justin is very busy these days, but I am sure he is going to grwo up this baby...

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RSI (14): where it is here now lays strong support. Also, RSI (14) is representing a double bottom . Price Movements: it has been channelized with a steady & positive steep since 23 Feb 20. MAs: If you remember my last analysis based on Daily MAs of 50, 100 & 200, price has touched the Daily MA of 100. Now average price for a period of last 100 days is...

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When MAs cross like that a truly bullish rally can be just a start. Then, holding this new stable coin seems inevitable.

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1. Some of the more outperformers like BNB are excluded to omit deviance. 2. The analysis has been moderated so to be able to catch those which can be more apt to be chosen "technically". 3. I have also checked fundamentals based on FCAS (Fundamental Crypto Asset Score). Seemingly, has no serious impact on sharper price growth. 4. While BTC experienced its last 4...

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Why you do not need to panic even if the market is so-called crashed?! What is brought up here applies to those profitable Stock Market Shares & here some more fundamentally well-structured cryptos like XRP. It can not be applied to Gold, Silver, or things like that. Also, it is not applicable to Real Estate except Land which has other driving factors + fiat...

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1. Weekly Cypher pattern: - From 13 Feb 20 to 13 Feb 21 (366 Days) the big one in blue. - There are 3 Fib Time Zones EXACTLY matching B & D of the Cypher & the next would be 20 Aug 21 (158 Days from now). - So, when we are done with ABC Pattern in Daily toward $2.3 - 3.0 during the 49 days coming, we would see either a Time Correction, or a real price boom by 20...

Morteza-Emzajerdi Updated 

ABCDE Correction coming to end, by E a pending wave? Then, is that approved by 12345 now toward $45K? And, will be buyers able to push it up to: 1. $47K 2. $50K 3. Previous ATH at $58,356? If those 3 Targets are achieved BTC can rise up to another ATH around $80K. Not a financial advice. For learning & sharing ideas only.

Morteza-Emzajerdi Updated 

4H 5th Wave has been started?

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1. SRSI: - 01 Nov 15 - 01 Dec 17 (761 Days) : Remains Saturated for such a quite long time! - 01 Jun 19 - 01 Mar 21 (639 Days) : Though Saturated in 01 Jun 19, reduced later for about 16 months (by 01 Dec 20). - No serious negative divergence is seen between 2017 ATH & the one in 01 Jun 19. 2. MFI: - 2017 ATH : 98.45 - Now: 91.40 - Divergence is seen. Yet,...

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An even wider wedge is forming?

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Indicators & S&R Levels are implicating growth. 1st TP: $1,779 2nd TP: $1,830 SL: $1,690 - 214 Days ABC Correction seems to be completed. - Daily SRSI just getting out of Oversold zone. - Accumulation in CRSI is seen at the bottom. - Note: 6 Month Times frame has made a NEGATIVE ENGULFING FULLBODY CANDLE & SRSI is still in Overbought zone. - As a result, this...

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Bottom-up Analysis: 1. 4H: 1.1. SRSI & MFI: Overbought; So, $49 - 52K are not out of reach. 1.2. RSI (14): Escalating for the last 2 Weeks. Loosing strength now. 1.3. If Elliots are to be correct, then can be a confirmation for the downturn to above targets by completing the 4th wave. 2. Daily: 2.1. MFI (2, 14): MFI (2) Overbought & MFI (14) has made a lower...

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Monthly indicators: 1. SRSI: No considerable movement so far. Yet, SRSI is saturated. Then we have to wait for the other side of the story. 2. MFI: Though not saturated yet, Money Flow is signaling continues sell during the last 30 days. 3. CMF: This one has been ever plunging since 01 Jul 20, and a trendless momentum since 01 Jan 21. Yet, from 01 Jan 21 price...