Bitcoin, which ran from $16300 levels to $25000 at the beginning of 2023, made the same run from $20200 to $30900 in March 2023. The landscape that emerges after two runs is seen as a descending wedge. It has confirmed that there is a new descending wedge formation when it returns from the $25000 level. If the wedge is broken up, if it repeats its old...
For Ethereum, which returned from the $ 2100 resistance in the short term, a Gann Fan fit appears in the long term. If Ethereum, which is in the descending channel, holds at $ 1640, which is the Gann Fan support, it can walk to the descending channel resistance, and from there to the Gann Fan resistance. If it cannot hold the $1640 level, the target will be 1365.
The #SP500 diverged 61% from the trend it had referenced since 1940. When we look at such divergences in history, we see that the index has returned to the reference trend. The beginning of this reversal is usually confirmed by a close below the SMA9 on the 3-month timeframe. This level is currently displayed as $4174. In a possible bear scenario, EMA60 or...
Gold has been on a steady decline since its peak on May 4. In our weekly E-Mail bulletins, we conveyed to you, our readers, that the side channel it was in, especially from May 18 to June 20, was actually a bear flag. With the side channel breaking on June 20, it has become a reality that this is a bear flag. The target of the bear flag appears to be around the...
Do you think Altcoins will stall when Bitcoin starts running? If you think the alts will walk too, I can talk to you about MATIC. In my opinion, I think we are in the days when we have the last opportunity to buy MATIC, which will be the star of the next bull season. As you can see on the black lines, MATIC, which made the symmetrical triangle it made in the...
BNB, which had an order block of around $265, was rejected by this block about 5 times and then stood at around $210. In the scenario where this block is rejected, $350 can be seen again, but I think this scenario is risky as I heard from various sources that Binance is an attempt to hold BNB by selling Bitcoin. In the scenario where $210 support is broken, BNB...
When we apply FRVP analysis to the Brent oil chart, I think HKEX:86 is a critical resistance on the daily timeframe. I can say that brent oil, which has failed to break this level by testing it many times, will test this level again.
Running to the level of 27 lira, Hektas reached the downtrend. If it breaks this trend level, Hektas will encounter resistance at the level of 30 liras. A rejection from the resistance would also be a downtrend retest. Therefore, in a run that will come again, 30 lira resistance can be broken.
Running non-stop from 51.70 lira to 65 lira, Alarko reached to downtrend. This trend level also coincides with the Fibonacci 618 level. Alarko, which is likely to be rejected at this level can start its target run of 74.45 liras after a minor possible retest if it breaks this level.
In MATIC, a very clear falling wedge formation can be seen in the daily timeframe. At the same time, MATIC, which is based on 0.75 support, can break the falling wedge if it is rejected from this support. Once the wedge is broken up, the first target will be $1.19 and the main target will be $1.60.
When I look at the process from May 2019 to 2021, a similarity with the process we have experienced since June 2022 caught my eye. After the rise in August 2019, the order block determined a resistance, I think the same resistance was determined in August 2022. Resistance has been tested 3 times in the past. First test October 2019; the second test in February...
The pressure of the SEC on Binance and Coinbase was not only badly received in the markets, but also stopped my bull analysis and we had to close the position at a loss. The first thing I saw when I looked at the chart from afar before opening a new position was that Bitcoin was on the eve of creating a second shark pattern. Bitcoin, which repeats the pattern it...
Bitcoin's downtrend is clearly obvious right now. I think we are on the eve of this downtrend breakout. The positive outlook will become clear when the 27700 level is exceeded. I will add to my position in the possible retest after the trend break.
From a technical point of view, it is seen that Bitcoin making its 4th boom-bust cycle move. The black line I drew on the logarithmic chart has been acting as support and resistance regularly since 2012. The past 3 boom-bust cycle patterns have been applied to the cycle that we’re in right now. The Yellow line is between 2012-2014; The blue line is between...
Gold has been in the ascending channel since the second half of 2022. We have seen 2 small falling channel formations within this huge channel and we are currently experiencing the 3rd falling channel formation. We can understand that we have come to the end of this small falling channel, so we have come to the support of the rising channel. The rejection of...
Silver made a symmetrical triangle formation from 1988 to 2004 and broke this formation in 2004. Its peak and order block in 1983 worked as resistance in 2006 and as support in 2008 and 2020. I think the peak Silver did in 2011 was an order block too. The reason for this is that this order block was rejected in 2012. The symmetrical triangle formation it has...
Natural gas, which fell sharply from $ 6.5 to $2 is trying to recover again. During this process, critical levels were determined. These levels appear at $2.10, $3.50 and $5.50. As long as it does not fall below the $2.10 level, I can say that the $3.50 targeted buying opportunity in natural gas continues.
I have detected that BIST price has been moving according to the fibonacci retracement for several months. Let me explain the whole strategy of the fibonacci retracement and how the price adapts, in order. BIST index is in a continuous downtrend from 9 March to 3 April. At the end of this downtrend (4712), I drew the Fibonacci retracement, which I received...