farhadnmd

farhadnmd

Gold in pair with Bitcoin has broken the dynamic resistance of a falling wedge and made a decent pullback which is at 61.8 fib level of the last pulse. Gold is going to outperform BTC for at least the next 12 months in my opinion

farhadnmd

Gold has printed a substantial widening wedge shown on the chart that can be bullish with an acceptable probability. Mixed with Elliott's it has to make another leg down to $1551 to complete the pattern before starting off to create a new ATH at around $2925. This analysis will be invalidated in case the price breaks up above $2070 DYOR

farhadnmd

A decent head and shoulders pattern formed on btc daily chart. It has the potential to cause a crash on bitcoin price to 18K. The next major support in case of losing 18K will be around 12K IMO.

farhadnmd

Ethereum has been experiencing a prolonged bear market period, similar to other cryptocurrencies. Given the current instability of the markets and the Fed's decision to raise interest rates, we can expect further market declines, resulting in another leg down. Therefore, in my opinion, ETH will retest its support at around $996 before rebounding and initiating a...

farhadnmd Updated 

Bitcoin is still on the correction followed by multiple fakeouts creating a series of fractals on the daily chart. Based on my latest analysis on Bitcoin I’m expecting the price to see the $12K channel.

farhadnmd

Apple made a huge bearish pattern on the monthly chart. Considering the current situation in the market and the upcoming recession I expect the price to see new lows. Losing the support at $132 can easily trigger testing next supports at $35 and $22.

farhadnmd

USD will be still getting more valuable than Euro for at least the next year IMO

farhadnmd

A terrific clear head and shoulders pattern has been confirmed on Tesla weekly chart. This is all bearish and about to see lower prices very soon. First important support is at $160 and the next support is at $22

farhadnmd

Gold just made a huge double top pattern on monthly chart which indicates a potential %30 drop in value to $1,200

farhadnmd

Meta is already down %77 from the top and it still seems bearish as long as it’s trading below $117. The next crucial support is at $57 which is the ultimate support and the potential bottom for this bear market in my opinion.

farhadnmd

Dollar index just broke out of an ascending support and now the bullish momentum seems to get weakened and about to reverse

farhadnmd

Bitcoin is still looking bearish. The potential bottom and buy zone is at 11K - 12.4K in my opinion. In case of breaking the vital support at 11K I expect to see Bitcoin trading at 6K and even less!

farhadnmd Updated 

As per my latest analysis bitcoin rejected the resistance at 23500 and now is trading at 22500. In lower time frames it made a clear inverted cup and handle pattern which is confirmed by breaking down the main support at 22700. For now I expect the price to see lower support levels at 22K, 21.5K and 20.8K as the projection of the inverted cup and handle pattern.

farhadnmd Updated 

The current price action looks very similar to the last 4 fake breakouts. Let's see how it goes

farhadnmd

Maybe Luna was supposed to be here! The main channel was broken by the start of 2021 which I think was a hype and in other words, a bubble created in not only this coin but in a bunch of crypto assets. Now, these bubbles are bursting, that simple.

farhadnmd Updated 

Bitcoin dumped as expected in my last analysis and now it's trading on the major support I mentioned already. But the market is still unstable and we may have further red candles so I recommend waiting and watching how the market will react. There are two scenarios in my mind for the next move. 1. Complete recovering from this level and turning tables 2....

farhadnmd

Tether dominance is moving in a parallel ascending channel with an acceptable fractal which is now indicating a bullish episode of growing dominance. As dominance goes up the whole crypto market will suffer more correction. So I expect the bearish market to continue yet until around %9 USDT.D which is the top of this main channel.

farhadnmd

A clear cup and handle pattern is forming on the monthly long-term gold chart. The confirmation of this pattern will be the overtaking of the recent ATH at $2075 and the targets of this scenario will be at $2775 and $3492 for the major cup and handle and 2367 and 2567 for the minor cup and handle pattern in case of confirmation (>2075). In another scenario which...