mohamadrezaa_

mohamadrezaa_

The downtrend momentum of BTC doesn't seem to be finished yet. So we should wait for another down trend wave in order to see some reversal signs like bear trap or divergence in indicators. right now the rising momentum is so weak compared to the previous fall and that is not a good sign for expecting a bull market.

mohamadrezaa_

BTCUSDT has lost it's momentum and needs a relatively deep correction in order to start a big and strong move for the famous 100k target.

mohamadrezaa_ Updated 

After a strong and big weekly bearish candle I am expecting a ranging bound between 33k and 42k. After that we are probably having a bull run again but it's too soon to decide.

mohamadrezaa_

BTC has a tendency to create triangle pattern. It seems that we are going to be trapped in another one

mohamadrezaa_ Updated 

We have double bottom, momentum divergence, MACD cross up, fib levels and everything that indicates that we are bullish till the famous 53k.

mohamadrezaa_

The range bound has so many hits and crosses so it's almost valid. And if by any means BTC break the 48.2k we should use another analysis and this bound is not valid anymore

mohamadrezaa_

I have demonstrated a four line channel with lots of hits and reactions and as we can see BTC is trapped in this bound giving opportunities to altcoins to to uprise.

mohamadrezaa_

As I had targeted the 1.82k in my previous idea : It has now been achieved. It's reasonable to close the LONG position and wait for another LONG signal. But right now the Elliot 5th wave has been completed and we should look for abc correction wave and after that we can be completely bullish again.

mohamadrezaa_ Updated 

I have posted a monthly analysis of gold before () based on MA20. Now in daily timeframe we can see the double bottom pattern forming which I expect to breakout to the target of 1.81k (Cuz it is in the direction of the higher time frame trend). Stop loss can be set below the bottom level.

mohamadrezaa_

In the recent bull run BTC was almost above the 33-DMA but after the fall from 64k to 47k hasn't still managed to take back the 33 DMA support. So be cautious on long positions.

mohamadrezaa_

Gold has tested the 1765 level which is MA20 support level and the neckline of the double bottom at the same time. The target is 1820.

mohamadrezaa_

As the coin was and still is in the selling zone based on the RSI (14 candle), for starting a bull run there is a need for having an another pullback to the lower levels.

mohamadrezaa_

As you can see BTC has reacted to MA20 most of the times and can act as a strong support level this time. which is around 43k.

mohamadrezaa_

Here we have bulish sign in RSI and also a cross up point in MACD. Also the 12345 wave is now completed and I think here is good place to open long.

mohamadrezaa_

BTC needs to close its daily candle above 61.5k and after that a retest to this level is crucial for a bull run.

mohamadrezaa_

Looking at the monthly and weekly chart of EURUSD, we can see the price level of 1.148 to 1.163 has acted heavily as a support and resistance line with multiple collisions. So in daily or 12H timeframe, any sign of momentum divergence in bearish move can be interpreted as a reversal sign and it's a buy signal with the target of 1.225. I will post the daily signal...

mohamadrezaa_

Considering the momentum divergence of BTC, after about 6 months of bullish run I think it's time to have a relatively deep correction or resting for a while to gather the energy for continuing the bull market. I'm not suggesting short position because maybe some institute or someone like Elon Musk come and pump it out of a sudden like before.

mohamadrezaa_

In monthly time frame we can see that gold often reacted to MA20 and this can add strength value to the MA20 in monthly TF. Now we can see some signs of reactions to this level because in weekly time frame gold hasn't yet made a lower level below 1.65k. In conclusion I guess we can expect some bullish candles aiming for 2k level from now on. After that we should...