NasirCrypto

I pray for a cease fire but before that GOLD is super bullish and highly dependent now on fundamentals rather technicals. Gold broke out from descending channel and final target of this pattern is $1995. We see a bearish cypher pattern which completes at $2012 and we can stretch it max to $2018 so thats where price should technically reverse but if it doesn't reverse here then expect $2060-2065. Last week Gold opened up with a gap of $20 and its highly possible that we can see it open up with a gap if war situation gets worse. Most of the people are shorting so I would suggest avoid it till we have any news of cease fire. People are thinking that we are way overbought and it should correct but understand the fact the markets are random, you just gotta adapt and adjust based on price movement and structure. So keep an eye at $1953 level on daily if we are closing above it, I don't see any strong level till $2063.

We have 2 important breakdowns on daily chart. #1 Bearish flag breakdown, Technical target of that is $1774.74 #2 Ascending trend line break down, Technical target of that is $1795.92 Price is trying to breakdown from golden ratio level 0.618 which IF breaks down then most likely are going sub $1800 levels. GOLD seems very bearish for mid-term because on daily structure is changing from higher highs/higher lows to lower highs and lower lows which suggests that gold trend is shifting from bullish to bearish. Please like and comment if you agree.

BTC is developing bullish deep crab harmonic on a daily chart which will complete at $12,884 which is its PRZ(Potential Reversal Zone). Price will bounce back from this level to the upside. On a weekly chart we have another bullish deep crab harmonic developing which will complete at $3,752. Remember this is a weekly chart so it can take months to complete but looks less likely that we will see BTC price to see bottom of 2018 but considering world's financial crisis ANYTHING can happen to crypto because crypto is MOST volatile of all financial markets in the world. We will see good days next year summers In sha Allah.

BTC is moving inside a rising wedge (bearish pattern). Price needs to hold the ascending trendline level, upon breakdown technical target of the pattern is $19,096. Bullish shark is developing which will complete at rising wedge technical target or $18,826. Right now, we are at critical situation due to CZ planning to sell FTX tokens and many people building up big shorts on FTX. If this happens then whole crypto market will face the consequences not just FTX. This will be another LUNA like situation, SBF is already selling his Solana bags to control FTX price reminds of how Kwon was selling BTC to control LUNA and UST price but failed miserably so be careful with your trades as fundamentals + technical are looking bearish as hell. We have mid-term elections in USA on 8th plus CPI data coming on 10th.

We have a double bottom on BTC on daily chart which already broke out and currently trying to retest, if this plays out then technical target of this bullish pattern is $22,805. Another important thing to notice is that we hidden bearish divergence on RSI and MACD under development which will be confirmed at daily closure. Invalidation of this requires BTC to close above $21k and if divergence plays out then we will see sub $20k levels once again.BTC daily candle closed with bearish divergence on RSI, OBV, MACD. Double bottom is invalidated because price was unable to close above $21K so now we will likely see sub $20k levels.

Left Chart : We a have a bullish shark harmonic in process of developing which will complete at $17,870 level, Invalidation or stop-loss for this will be $17,032. If this level breaks down then we will possibly stop at $13k-$15k levels although I still feel we won't go down that further but anything can happen in crypto. Right Chart : Bullish shark harmonic identified on a daily chart which is in play at the moment, Invalidation point is $17,994 and near to that another 🦈 will complete. So we have 2 confluences for bullish price action and I know most people would find it funny but in these dark times we do need something positive. Lets see what unfolds in coming weeks.Bullish shark harmonic fully played out and hit its final target of $22810

BTC was unable to hold its major support of ascending broadening wedge and broke down. Next possible target is at demand zone of $19,274 whereas final technical target of broadening wedge is $17,737. A bullish shark harmonic is in process of developing which will complete at $18,929. Invalidation of that will be $17950. Avoid futures trading for some days, Sometimes no trading is the best the strategy

Bullish Gartley harmonic has been identified on a 6 hour chart, Everything else is giving bearish signals except this. Lets see if this one plays out. RR on this is 1.91.

BTC is making a lower low on daily so we have a chance of a relief rally by making a lower high so based on that we have 2 scenarios. We are halfway to the bear market and second half is on the line. Scenario 1 BTC will range between $20300 to $23000 for sometime and then break out towards $25k to $28k possibly making a bear flag and goes down towards $19k-$15k. Scenario 2 BTC will simply break down from here towards $15k-$19k and we will bounce back up for a relief rally towards $30k levels or higher and then we go down again.

BTC has been consolidating in symmetrical triangle for last 1 month and still there is more room to consolidate further. Upon breakout and retest from triangle, Technical target of this pattern is $36,653 and upon breakdown and retest we can see the target of of $25,218. So right now BTC is ranging in purgatory. There was a wick down on 12th may towards $26,702 but price went back up so right now BTC is in state of wait and watch. Don't take any positions until we have clarity plus weekend is here so expect some choppy movements.Symmetrical triangle broke out and $25,218 target was a hit plus went way below that. Join our discord to get premium calls. Link of discord given on my profile.