NasirCrypto

NasirCrypto Updated 

BTC is in process of developing bearish deep 🦀 harmonic, Completion of this will be at $41,877. We have bullish divergence of RSI and VWMACD on daily chart which if plays out then chances of hitting $41k are quite high. Now fundamentally, We have FOMC meeting tomorrow regarding interest rate hikes so we may see volatility today/tomorrow.

NasirCrypto

Price action on 1H timeframe is in development of a bullish shark harmonic, Completion target is $40,442, Invalidation target $40061. If price does not bounce from from $40,442 then possibly we will see a retest of $39.5k level. We will see a choppy next week if price does not close on weekly candle $41,600 to $42,300 levels.

NasirCrypto Updated 

BTC is in the process of developing bullish deep crab harmonic on hourly. This is somehow in confluence to bullish butterfly harmonic from yesterday which completes at $35,707. So we can possibly see some bearish price action before a leg up. We have weekly closure in 12hours from now so further development in price action will be shared upon closing of candle.

NasirCrypto

Yesterday I shared bearish butterfly on 2 hourly, Today we have a bullish butterfly in process of developing. Its amazing how two harmonics are being developed on same time frame. This clearly is a sign of uncertain market. We have weekly closure and soon FED will have a verdict on interest rate hikes plus other macro factors in play. We also have news circulating...

NasirCrypto

BTC is in the process of developing a bearish butterfly pattern on 2 hourly, If you look at the pattern entry point, That level is a strong supply zone and we will most likely dump down from that level towards $40k. I do have a speculative theory though I really don't believe on speculations AT ALL but my speculative theory has some reasoning to it. From November...

NasirCrypto Updated 

BTC / USDT (Interval 1H) We have a bearish shark pattern on hourly chart, Everything is self-explanatory, Invalidation of this harmonic will be $43,392. We are still biased bearish till $45k is not fully reclaimed on weekly chart. BTC will continue to range between $37k to $44k till we have a breakdown or breakout on either side. Right now on higher time frame we...

NasirCrypto

Bearish candlestick played out and price tested the support with a wick and bounced back. So far it is following our price projection but weekly closure was with long upper shadow candlestick pattern so we may possibly test $36.7k and $35.9k support in coming days, We are seeing a bounce as according to our projection because 4H chart oscillators are way over-sold...

NasirCrypto Updated 

We have a bearish bat pattern and this is a worrying factor, Invalidation of this pattern will be $47,348. If you look at geopolitical issues, They seem to be escalating rather de-escalating so this can certainly effect the global financial markets. We do have news that in Russia people are buying BTC by paying premium of over $20k which is a bullish factor...

NasirCrypto Updated 

BTC is in process of making a bearish pattern. Chart is pretty much self-explanatory. This is for informational purpose, If you want to take a trade then NFA DYOR!

NasirCrypto

BTC / USD (Interval 1D) BTC was unable to break crucial resistance of $45.8k and now its breaking down towards $39.7k support which is also a pitchfork support, Technically it should rebound from here towards $44k but if unable to hold then we can see price action towards $36k-$37k which is pitchfork support. Stochastic on daily is giving sell signal whereas on...

NasirCrypto Updated 

BTC is making a descending broadening wedge, We might see some retracement within the wedge if $39.5k level is not reclaimed. Technical target of the wedge is $51.2k. We do have a :bat: pattern in play on a daily chart and TP3 of that pattern is $42k plus on 12H chart MACD has turned bullish so its suffice to say that all of these indicators are in confluence with...

NasirCrypto Updated 

BTC is making a bullish pattern on a daily chart. Everything is self-explanatory so if this plays out then we will reclaim $40k level in coming days, Invalidation of this pattern will be $34k level. We do have geopolitical issues going on which has a negative impact across all financial markets except USD, GOLD and OIL. Only short-term bullish factor I see for now...

NasirCrypto

GALA is in process of making bullish BAT pattern on 6H, Harmonic pattern charts are mostly self-explanatory. Take this trade with 3 to 5% capital upon completion of this pattern. Its also possible that this pattern won't complete so in case of this, Buy 25% now, 25% at $0.218 and remaining 50% at the entry price of harmonic. Good luck.

NasirCrypto

1D Review On a daily chart price is moving inside ascending channel, Last time price bounced back from the bottom of channel and went to the top but was unsuccessful in breaking out. This time price will attempt to break down from the channel once again and if successful then we are in for lengthy bearish trend. 1 Month Review On a monthly chart we see a...

NasirCrypto

ETH broke out from rounding top pattern on a daily chart, I have marked the target of rounding top pattern which is $1248. This pattern can possibly play out with a flash wick down to this level. Another interesting thing to notice is that soon we will see death cross, Last death cross on ETH happened on Sept 2019 which lasted for over 4 months. ETH is barley...

NasirCrypto Updated 

BTC formed a bullish shark pattern on a daily chart. Chart is self-explanatory. Pattern will be invalidated at SL, I don't see any bullish pattern nor any hidden/regular bullish divergence of any oscillator on daily chart so lets hope we can have a relief rally if this pattern plays out.

NasirCrypto

I am sharing following points I have regarding current price movement of BTC. Bearish Scenario 1. BTC broke through the rising wedge and I have marked the target based on rising wedge (NOT saying this would occur but just sharing the target of pattern) 2. We had a death-cross which means we are going towards long-term bearish trend which can last from 1-3 months...

NasirCrypto Updated 

ALPHA is making a bullish Gartley pattern on a daily chart. Chart is self-explanatory. Lets hope this pattern plays out.