Looking at the daily Bitcoin chart, the reaction to 65000, which corresponds to the Fibonacci 78.6 of the fall from 70000 to 49000, the fall to the Fibonacci 78.6 of the fall from 49000 - 65000, the movement from 52800 continues above the 233-day moving average and the 8-day moving average. Now look, I will continue to do risk management with 62300 so that this spiral can work correctly like here and we do not remove this main falling trend resistance zone at 65565 - 69057 from our focus. I had stated that an upward discipline may have started towards 61300 when it was at 54000 because it saw 78.6. Now we are above the 78.6 of the last fall. Therefore, the pivot support that we will pay attention to in the short term here in Bitcoin is 62300. If this movement can continue to stay above 62300, if the 8-day moving average and the relative trend line can continue to stay above 62300, it seems that controlled upward trading towards 65500 - 69000 will continue.

Let me just make a small note here. If the exit trend starting from 52800 turns the story downwards under 62800 for 4 hours and daily closings, then the investor should be put under risk control, especially short-term positions below 62300, as a new downward trend begins towards 57071 - 52850, towards the 78.6 region. We will discipline as take profit - cut loss and / or the game direction is changing. There is a castle wall that comes with 4 confirmations as long as it stays above 62300, that is 69057. So as long as it stays above 62300, I will say 65565 - 69057 are the targets. If 62300 is broken, I will say that a short-term correction towards 57000 is starting. If 69057 comes before passing 62300, Bitcoin will make a decision. Whether it is done or not is important. So here is my advice to investors; Let's continue the discipline of following the 8-day moving average at 62300 every day, especially on the long trading side. We will also control the appetite, our position appetite according to whether 69057 can be passed or not. If an investor who comes there and cannot pass and makes the wrong cost from there may probably face the risk of making the wrong cost by staying in a short-term downtrend.

In order to manage such risks, technical analysis has proven to us time and again that trailing stop loss is the right method. There has been some loss of power for the last 3-4 days. This should be noted. However, a chart losing power should not be interpreted as a clear downward reversal signal. A chart losing power means being cautious and controlled in positions, appetites, and opening new positions. We can manage the short-term trend coming from 52800 at 62300 with a stop loss that follows.

Almost every day, there is an ounce of gold breaking a new record. As of now, when I look at the price, the ounce of gold is passing the level of 2632 dollars. I had said that as long as it stays above 2490 - 2460, it will rise, and if it passes 2559, there will be an increase in appetite and momentum. It passed 2559, the story of 3-4 days is clear. The result is 2559 and it should not fall below 2594 anymore. If it falls, there will be a small correction under it without going to the upper Fibonacci target at 2733. Therefore, the current short-term support and trailing stop loss zone of 2594 - 2559 ounce gold, especially below 2559, may be an internal correction towards 2509 - 2488, that is, a correction within the medium-term outtrend. As a result, we have reached our intermediate target of 2640. Let's follow the 2640 resistance strongly, with 2594 being the intermediate support and 2559 being the short-term main support. The upward movement continues, but let's pay attention to the resistance in the Fibonacci channel at 2640. As long as the result remains above 2594 - 2559, we will continue to read upwards in a controlled manner. Depending on whether 2640 is passed or not, we can also calmly accept the possibility of a small correction as an in-trend correction.

The important thing is that gold does not fall below 2559 again. If it falls, it will carry itself a little bit for investors who will make costs above 2600. Therefore, unless these two moving averages, namely the support zone at 2488 - 2425, are broken, I will not remove 2733 from the radar even if it falls below 2559. Passing the 2500s downwards will extend the time to go to 2700s a little more. In this sense, I am following 2640 as an intermediate resistance. Resistances are not the main thing, supports are the main thing. The main thing is for supports to be broken. Short term 2559, medium term 2488. The trend will not end unless these are broken. But if 2559 is broken, we will get a small correction.

S&P 500 continues to hold on to record levels. It is currently passing through the 5785 level. There is a slight volume decrease here on the bars. However, we are living the fourth day above the old peak of 5669. In fact, staying above this still supports the upward momentum or upward price cycle in S&P. We will pay attention to the following here; as long as it stays above 5669, the position risk appetite and the concept of direction will continue to focus on 5819. If multiple hourly and daily closings begin below 5669 before going to 5819, then we will say the following; We should say that it is receiving a small bear attack before going to 5819 - 6000 up to 5498. The technique shows us the target but when it is broken, it also shows the risk.

Here, the investor will know how to stretch. If you are a trader, you will be flexible and your mind will work in both directions. If your mind works in one direction, they will lock you somewhere. If your mind works in one direction, you cannot be a trader. Traders have two minds. If your mind works in one direction, you are a value investor. But then you don't cry when it falls. As a result, unless 5498 is broken, even if you go down to 5498 below 5669, for me 5819 - 6009 is the target of S&P. When do you doubt the 5819 - 6009 targets? Whenever you say that you will read this chart a little more bearish with the bear impulse in trading in the general picture, if 5498 - 5400 are broken, I will read this chart as bearish.

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.