AlirezaAzarm

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...

AlirezaAzarm Updated 

for last time befor starting second part of bullrun and Altseason , BTC the king of crypto market attempts to prove that who is the boss by watching the top 20 coins, you can easily confirm that BTC era is falling down, maybe its ETH turn ! definitely will break 35% maybe 30% would be good for target of the bullrun CRYPTOCAP:BTC.D

AlirezaAzarm

its low risk, high reward position (rr ratio > 17) let see what will happen...

AlirezaAzarm Updated 

just a short term forecast, for the first time ...

AlirezaAzarm

its like extension of a simple base pattern spreadig by the rule of butterfly effects with considering of crypto market atmosphere and 2 ex-waves "A" and "B", it would be easy to predict what's going to happen ... zoom out to find out the orginal A ad B you can read more about fractal and butterfly effect on my related tutorial

AlirezaAzarm

each reversal pivot or node (flag) has big orders that makes a Failure To Continue interval which called FTC imagine that each reversal pivot has 3 disposable price interval like traffic light : 1. yellow (FTC accept) : its kind of protection for FTC, start of finding divergence like wave 3-5 of Elliot 2. red (FTC) : the level which has biggest order and...

AlirezaAzarm Updated 

that raising wedge is telling us about correction as i mentioned before, maybe 35k is a good support to return, but for more accurate analysis we have to wait a little bit more loosing 32K is kind a of game changer, maybe you could smelled of 22-24K

AlirezaAzarm Updated 

divergences in any indicator , making closer HH & HL its talking about upcoming retrace I'm not stubborn , but it sounds fishy, from much lower I've been smelling time will tell us the truth ...

AlirezaAzarm Updated 

As i mentioned on last analysis, Divergence in the indicators, closer HH & LL, decreasing upward velocity, smell of a one month correction... But from where we will be supported? 40k is first step, maybe the last too...but i dont think so, as i mentioned from much lower, we should see 35k again, at least on more time ... A key to find wich minimum is a major...

AlirezaAzarm Updated 

4th strong divergence fear and greedy index more than 70 (greedy) from 3 weeks ago ... atmosphere is like alt-party, but its not yet ... to have healthier market, we HAVE TO had a good correction ... first support : 40-42 second : 35 third : 27

AlirezaAzarm Updated 

as i mentioned before many times from 47k to 51k, because of many reasons like : 4th strong divergences, closer HH & HL, decreasing upward velocity, big resistance for total crypto market cap ... you can check it on my analysis history... thats enough for you to take my analysis on faith ...

AlirezaAzarm Updated 

have you seen butterfly effects on domino's ? after starting a new impulsive wave, it makes correction, like a force of your hand dropping first domino and then it falls if it doesn't have any disturbance, that wave can continue and make second wave which is bigger but same in patterns... its all about fractal like cabbage, tree leaf how much bigger...

AlirezaAzarm Updated 

bitcoin needs more correction, it doesn't have enough power to climb with almost 1% risk, 13% reward can be expected, RR ratio more tha 10 let see how is going to be...

AlirezaAzarm Updated 

previous bear analysis's still alive, it seems that trying to make another LH around 48K but 38k is like shining star which has very high potential to reverse 6 months bear market and start a powerful impulse to the moon for second part of giant bullrun if some words don't have meaning for you, you should check out my previous analysis...

AlirezaAzarm Updated 

i don't know why...??! divergences in any indicator, greedy and fear index, raising wedge on BTC ... you have fall, but when ?! Are you waiting for 0.618 time line ?? maybe

AlirezaAzarm

why should we always use linear analysis ? how about curves? how many things shows respect to none linear rules ... maybe it works ...

AlirezaAzarm

it depends on market trend generally, but i think that red line is a light last resistance for larg gain , undoubtedly !

AlirezaAzarm

A deep quick correction expected for Cryptomarket 1.885 T is a big resistance it doesn'thave much time ... CRYPTOCAP:TOTAL