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Bermuda

The destination of bear marketI 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 Bermuda on 20K. In addition, there are bunch of liquidity (flats) levels which has depicted by yellow and orange horizontal rays(lines). I think they are good candidates which can avoid price to climb up... On the other hand, king of crypto market has lots of high time-frame Bermuda's below. Whatever you imagine, MONTHLY!!, WEEKLY!, daily and some 4H and 1H. From my point of view, they MUST have touched at the end of the bear-market. So there is a frightening destination waiting for HODLers ... After all, if I have to give a single number for tip of lowest shadows, I would say 8888$. What a beautiful number they said, well said :D Last but not least, you can use Bitcoin hash rate chart as confirmation. Until it hasn't outstanding retrace, the winter is still coming ...
Short
by AlirezaAzarm
1
RR > 17 , Risk = 1.2% 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 position is a tempting opportunity to get something which is 17 times bigger than what ever you risk ...
Short
by AlirezaAzarm
6
Way Down We Go o o othe 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 shown up with yello lines... therefore we have 2 possible path for going down, both of them has predicted to happened at a special time because time analysis says that we could probably have reversal pivot on which is shown by vertical pink line. it has created from 26 weeks ago ... path 1 is more possible because of the red H1 Bermuda ignore level and higher time frame of liquidity I'll update my analysis for finding the destination of where "DOWN WE GO", so I dont give final bottom target now, untill changing character of market would be seen, if you are curious about my predictions you can find it on my chart a little bit lower ;)
by AlirezaAzarm
possible paths for BTCit 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 time frame(less than H1) levels from past ... strength of each level depends on its time frame. till we have bunch of purple levels on 46k, I'm sure about downward trend... I think probability of path 1 > path 2 > path 3 > path 4 they are going to break the low ( 26.7k ) but each path could have own final destination ...
by AlirezaAzarm
11
Worst case scenario for BTCthe 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 buyers and start massive dump after that... it needs a big fundamental news to creat such a massive fear, zombies are coming soon perhaps ... there is a more hopeful scenario for BTC which was my previous analysis and forcast, linked below...
by AlirezaAzarm
Ignore level puulbackif 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 expect a profit 28 times more ... let see whats going to happen... dont miss my previous analysis...
Short
by AlirezaAzarm
2