Behzadin

Behzadin

Hi everyone! So as a believer in all weather portfolio and with the current increase in anticipation of a crisis, wanted to take a look at the current gold price actions. Before going in to TA I want to clarify one thing. Since my trade focus is mostly in crypto, I see lot of people saying btc is the new gold and to hedge against markets people should use btc. I...

Behzadin

Hi everyone!!From our last post we were expecting btc to drop to our support levels when we looked at a shorter time frame.However this time lets look at the bigger picture on the weekly. If we look at the start of the run (3400 to 13800) we can see that the 50 ema was the resistance for btc. The break of 50 ema led to the cross over of 21 and 50 ema which ended...

Behzadin

In our last post, start taking profits call before the 8800 to 9000 strong resistance was a perfect call. As we can see we touched 8800 and got a strong pullback.So I would recommend following the comments after the posts as well. Lets see whats going on right now. 8800 to 9000 resistance is still there and an important thing is the 200 ema has moved in that...

Behzadin Updated 

Well... If you checked out my two last posts and took some bullet points out of them you probably have been doing well. As always it always about positioning your self accordingly to the market movement and ALWAYS having your exit and next entry points planned out. So lets get back to BTC. Everybody was expecting a huge move outoff the triangle and we got that...

Behzadin Updated 

Lets get right into it. So, what is happening right now is, we are testing the top of the triangle at the moment. While attempting this BTC is showing a formation of a inverted H&S pattern. However as always a pattern is not confirmed until it is completed. This formation is happening at the very edge of top line of the triangle. We must not only wait for a...

Behzadin

Some have asked me to where and how do I position larger size trades in longer time frames. The key to my trades are identifying channels and take multiple positions and be patient. As we can see on the chart there are many channels that need to be considered and on both sides of the lines we have buys and sells. As much as cliche that it sounds, the goal is to...

Behzadin

The pattern seems to repeat itself. However its not able to generate volume as where the price was low. So I do not expect same kind of price spikes yet there will be movement. As always just a thought, not an advice. Previous analysis:

Behzadin Updated 

Lets get right to the point. Last post was spot on. Our support was placed on 9498 and we bounced from 9467 and tried to break out of the channel yet failed and fell back in to the channel. Lets try to see what will happen next. Well, we could easily see that we have been making lower highs and lower lows. Also if we look at the volume, we could see that ,despite...

Behzadin Updated 

Lets get to the point right away. BTC has shown huge respect to our channel. It has tested it as support resistance and ended up staying within it. As in our previous analysis, we indicated that btc might break the channel and move higher. Yet we have also stated a risk zone where this move might be a fake out, if we do not break it. Which we hit the top of that...

Behzadin Updated 

Do not fomo!! In the previous analysis I did say " Yet always keep an eye on a crazy reversal. For this, the first step is to break our trend line and the second is to make a higher high which would have a rocket effect on BTC ." . However I did not give it a high chance. Any way lets look at the current situation. We are now testing the second trend line which...

Behzadin

As this moment BTC is testing 50 EMA on the 4HR chart. It might break it and move towards 200 EMA. THE 200 EMA on the 4HR chart aligns with our red trend line which we drew way back in July 10. Which has hold stong for the last couple of weeks. The 50 EMA might reject BTC but I believe BTC has enough momentum to break it. Keep in mind I said momentum not...

Behzadin

Our red trend line from our previous analysis was able to hold as resistance and it pushed the price down. There is a slight chance that we could start moving upwards. However I do not think that is likely unless we break 50 EMA on daily within the next few days. I believe we can now say, with the continues volume decrease, we are moving downwards. So, if we...

Behzadin Updated 

We hit our targets in our previous trade, however our entry today looks like going to be higher than our previous exit level. However chart patterns and emas has confirmed. Upper movement. The 50 ema and 200 ema are on top of each other and it is about to break. The break could go both ways yet the previous volume spark and inverted H&S shape with a smaller right...

Behzadin Updated 

As we predicted BTC has been moving south. Good side is we have been able to catch some bonces indicated in the comments of previous posts. So do we have an other bounce coming up? If we look at the volume we have seen a huge spike around 9.4k-.9.6k levels yet we have continued to drop. However the drop has slowed down respectively. Due to this I believe we might...

Behzadin Updated 

As in our previous analysis we indicated that the red trend line was a crucial line. At this point we are seeing that BTC is respecting that line and the line is acting as support however, we could also see that there is a H&S formation happening. The only problem with the formation is that the right shoulder is higher than the left but the volume is...

Behzadin Updated 

So... as we were expecting BTC made its move and made a higher high than previous high.However it is still lower than the high where we started to correct. But it gave us an idea of what btc is likely to do. Currently we got a big pull back from the high and the descending movement seems to be getting rejected by the 50 EMA. I believe if we jump back from the 50...

Behzadin

I hope every body entered their position as we stated on the previous analysis. It was a good buy and we met our sell target, which was at 50 ema with a cation that if we pass 50 ema we would rally even more, which actually happened.Now we pull back to 50 EMA and 50 EMA is acting as support. At this point I see lot of people see this pull back from 13.8k to 9.7k...

Behzadin Updated 

We are in a phase of high risk high reward. The uncertainty of traders is causing volatility. However if we could time it right this could really be beneficial. I believe BTC has made its first big move after the bull run and now it will go a bit side ways. Even though I say side ways, there will be a huge gap between tops and bottoms, due to FOMO on both ends....