Dxy reached my target point. The product that has been giving a return signal since 110 is exactly at my target point. The strategy of selling Dxy and buying whatever you find in every rise since mid-2022 continues. Technically, the 98 - 100 area is a short support, it is a little difficult to stay below it right now. It is healthier to create a movement to the 101.50 - 102.50 range with a reaction. Extra analysis is required above 105. My target price in the medium term is 90 - 86 and $ 80.
DAX, which has its share of the global storm, has made a 20% decrease. We have entered a recovery trend with the statements that came afterwards. 21500 should be watched for a clear return signal. If we can close above it for at least 1 week, these decreases will remain as violations and we will go to the 23000 - 25000 range again. 19600 was an important support below. The price is in the middle right now, breaks should be monitored for clear direction or stop transactions can be made in short time frames. I am updating the outlook for DAX as 25000 - 27000 in the medium term. As long as it remains above 19000, all declines are buying opportunities.
Nasdaq is the technology index that has fallen the hardest and recovered the fastest. We are currently below 200 dma (20500). Weekly closings above this level are extra positive. If it falls to 17000 again, it will be extremely negative. Therefore, if it falls to the range of 18000 and 17500, I am in favor of cautious monitoring. Zigzagging movements are normal for a while. If we are going directly to 20500, we should wait for the closings. As long as we remain above 17500 in the medium term, I maintain my positivity. I will also be waiting for my target until the level of 25000 - 27000.
The ounce of gold has made new peaks many times, looking for a sign of reversal is the same as suicide. However, more than half of the market is still chasing short positions.
Technically, the 3000 - 3100 range is still important support. Short positions can continue to be liquidated without breaking these levels. As long as we remain above roughly 2800 - 2700, I am revising my target to $ 4000. I also wish patience to those around those chasing shorts.
The ounce of silver has withstood the global chaos very well. It had fallen by more than 50% in a short time during the pandemic. The channel bottom is below $ 27, the top is $ 35. It may move horizontally slowly in this region for a while longer. If a sudden daily breakout occurs, it will be confirmation that the movement has started, especially towards the 33 - 35 region. I am maintaining my target of $ 50+ this year. I say that the 60 - 75 band may come to the agenda in extreme movements.
Every exit selling strategy has clearly worked since $ 100 in Brent oil. Although we occasionally see reactions towards 70, the next target range will be between $40-50.
I can't stop thinking if they sensed the global selling pressure in Bitcoin or if they had news? While Nasdaq, gold, sp500, dax were going up, btc, eth and altcoins were falling. Technically, I think the bottom formation has been completed. But now I expect btc to rise slowly, not quickly. The 92000 level is important for this, if it is passed, the movement will start. I maintain my expectation of 150000 - 180000 on the BTC side, if they exaggerate, even 200000 may appear. BTC dominance is still very strong, if the dominance falls below 62 and we can be permanent, this will reverse. I am watching 62, the negative scenario is the 66-68 range at the top. Every 1% decrease below 62 corresponds to a 30% increase in altcoins. There will be an action now, the term has narrowed.
A triangle at the bottom again on Ethereum. Such formations are generally used to bounce up. However, for a clear return confirmation, that jump should be at 1800 and above. I had previously said that if 2000 is broken, things would not be very encouraging.
Unfortunately, it happened. There is an image of completion in the bottom formation. For a clear return, it should first stay above 1800 and then 2000. Then we can see serious movements on the altcoin side. If there is no major change in the 15-18 month cycle, the movement should start in May and continue until September-October. I think the possibility of a summer bull should not be underestimated. I lowered my target expectation on the Ethereum side from 8000-10000 to the 6000-8000 range. This does not mean that an altcoin rally will not come. Not everything depends on Ethereum.
The information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy services are provided within the framework of the investment consultancy agreement to be signed between brokerage firms, portfolio management companies, banks that do not accept deposits and customers. The comments in this article are only my personal comments and these comments may not be appropriate for your financial situation and risk return. For this reason, investments should not be made based on the information and comments in my articles.
