mehrdadbidgoli94

mehrdadbidgoli94

In the past 2 years, I've been emphasizing a few important trendlines and S/R levels in bitcoin's interesting chart. The analyses are all available here on tradingview and I've attached them to this post. Long story short, the most significant area for me is 37-42. If only bitcoin can manage to break this area with a decent volume... #dyor

mehrdadbidgoli94

I am wondering if usdt.d has lost its important line of support and pulling back to it for its further fall...

mehrdadbidgoli94

As we can see, the line of demand has held usdt.d and I expect it will hold it for a while. By and large, the chart isn't showing good signs for the leading stablecoin of the market. There's a high probability that we will see the next percentages in this chart after an upward correction in the coming days and weeks, which will result in BTC's revisiting 33-31 and...

mehrdadbidgoli94

Just an idea. I'm thinking that gold will hit an ATH in the next coming months, but it also should hit a low around 1650. If it loses that point, next target can be around 1470 and then boom! #Dyor #xauusd

mehrdadbidgoli94

Following my previous ideas on BTC, I'm thinking that it is preparing its next move in the area between 21 and 25. Considering the fact that the dollar index is under a strong resistance and BTC around a strong support area, I guess we'll probably see a final surge in the former and drop in the latter, which will result in their next strong move. BTC may begin...

mehrdadbidgoli94

It's been a while since I insisted for several times this movement in BTC. The trendlines worked perfectly. Let's see if this weekly candle is a pullback for further upward movement. The chart is simple and telling... Don't forget to DYOR

mehrdadbidgoli94

BTC had broken below the trendline and now we're witnessing strong candles which have broken two significant trendlines! I keep it simple and short: if BTC closes its upcoming 4h and daily candles above those trendlines, it can technically see 28k before long... Please give me your thoughts. Thanks

mehrdadbidgoli94

It's almost an impossibility to predict an exact bottom, even as a price area not a price point, especially in a market so volatile and wild as crypto. But to me, BTC's price is approaching its bottom area, technically at least, as I have tried to indicate is several previous posts. Fundamentally, the USD interest rate is also reaching its peak (which will...

mehrdadbidgoli94

Just an idea... Time will tell us everything... And by the way, I guess big boys are accumulating bit by bit right from this area... The more we fall, they more they buy... Never panic sell; instead, always buy whenever everybody panic sells... You'll be surprised in 2024...

mehrdadbidgoli94

Let's see if this rather weak breakout will turn out to be decisive... Just an idea... DYOR No financial advice

mehrdadbidgoli94

Just to emphasize the previous analyses, BTC is at a very crucial point. The RSI has long been bearish in the weekly time-frame and no need to repeat the bullish divergence it's been signaling since the recent few weeks. A shadow to the 14k area would be reasonable, and then we'll be bullish after a long time. If BTC loses 14k and 12k, this analysis will be...

mehrdadbidgoli94

I've been emphasizing these trendlines for months. BTC was supported around the price that I mentioned in the previous post. Now I see 19k and 24k as two significant resistances; if BTC can break them with a good volume, then I'll be bullish. I guess 14k and 12k are very strong supports on the other hand. I'm also thinking about another pump and dump, from around...

mehrdadbidgoli94

With an eye on my previous ideas, we can now see that BTC came out of the persistent trendline but faced a bad news and the price decreased drastically. I'm guessing that BTC is nearing its bottom at around 16200 and will then bounce up. If the trendline doesn't hold the mentioned price, then I don't see any strong support until the static 14000 area, which can be...

mehrdadbidgoli94

BTC was rejected from the trendline I formerly had conceived as its main challenge. The trendline coincides with the weekly moving average, which doubles its effect. BTC is now likely to test the static support as well as gap around 10k to 14k. I assume we might see those prices in BTC, but there is a possibility that bulls take charge of the market as early as...

mehrdadbidgoli94

I had mentioned in a recent post that BTC should break out of this trendline with a good volume in order to be able to go up. Now, it is being traded at a very critical point. It might pump from here with a good volume and break the line, or it might do a fake break or dump. Things will be more clear soon... Tell me your ideas.

mehrdadbidgoli94

BTC/USDT weekly chart is still fairly bearish. BTC is still trapped inside a persistent channel. I have no hope, technically, unless BTC breaks out of this channel with a good volume.