When looking at the daily chart of Bitcoin, it encounters resistance. In other words, it receives a bear attack with every attack it makes towards there, in other words, we see a profit sale and/or correction. We last bought it from 70,000. Now, the Fibonacci 78.6 of this decline from 70,000 to 49,000 passes through 65,580. I think it was at 60,000 - 62,000 last week. Above 65,500, this place will enter a very strong phase of spoiling towards 69,000 - 75,000, but I had stated that investors who especially want to make new costs should be a little cautious until 65,500 is passed. It let itself go a little. Now, here, the movement that reacted to 78.6 of this decline seems to want to swing to 61.8 - 78.6 of this exit. Therefore, the 55100-52400 region can be followed as an important support region for the new movement towards 65500 and 69800 and perhaps as a buying opportunity region within the quotes. Therefore, 55100-52400 seem to be Bitcoin's short-term supports. Especially unless 65500 is passed above, the risk of falling into this region will continue.
The declines that will occur towards 55100-52400, and even let me specifically state the 377-day moving average figure here, have wicked and pulled up to 50800. Therefore, unless Bitcoin passes 65500, the pullbacks that will go down towards 55000-52000 and 50800 can be read as a pressure and support for the 65500-69800 exit in the next step, and a relatively gradual evaluation opportunity region. As it reaches 50800, a band like buying and selling profits will be followed as it goes to 69800. Above 69800, Bitcoin will make headlines again and start to be talked about. In order for us to talk about 100000, it needs to give me more than two closings above 69800. The more a resistance is exposed to horns and cannot be passed, the more it becomes ossified. But of course, when it passes, it gets seriously spoiled. That's why 69800 is important.
When you look at the daily gold ounce chart, the rising channel carries a horizontal upward trend above the 55 - 89-day moving averages, this moving average. This Fibonacci channel creates a relative resistance to the market that is inclined to go up, that's 2550. Therefore, unless and until ounce gold passes 2550, it may see short-term pressures within a medium and long-term upward trend. The important thing here is this; I attach importance to 2486, especially for long trading positions. The Fibonacci channel passing through here should not be broken, the Fibonacci channel that took the needle about 10 days ago. If we are doing long trade, the 2486 - 2550 band can be read as a controlled upward zone as long as it remains above 2486.
However, I do not think this region is a very reasonable region to make new costs. Either if 2550 is passed, we need to be a participant or if 2586 is broken, there may be a pullback towards 2430s. This may also be a more reasonable opportunity region to make costs. Therefore, unless 2550 is passed, the ounce of gold may remain horizontal and pressured for a while in the 2550 - 2486 band. If 2480 is broken, downward candle pressures towards 2460 and 2430s will increase. In case of a 4-hour and daily close above 2530, the resistance at 2550 will be passed and the upper channel Fibonacci will act as a magnet as a target and there will be an upward dynamic towards 2630s.
If we look at it from a broader perspective, even if the ounce that continues to stay above 2430 - 2395 falls to the supports I mentioned without passing 2550, it will strategically protect the 2600 - 2630 target from a perspective and strategy. However, in terms of eliminating the cost of moving towards 2630, the condition of passing 2550 will be important. For example, here, a long-term ounce carrier will not read trading, but a long-term carrier will read the 2430 - 2395 stay above positively. But he will accept this. If 2486 is broken, he should say that they will tickle me a little in the short term.
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.
