In the gold chart, the cup pattern has been formed, I think by the end of 2021 we will have a correction to the specified range and then from 2022 to 2023, we will have a positive trend.
It has lost its volume and seems to be followed by 40 K and then ...
btc can breakout if touch 37 K and chart shows my idea.
Bitcoin is in a downtrend that responds precisely to its price caps and ceilings. If it is not supported in the current range, the price will go down to the 31 K , and if it is not supported, it will fall to the 29 K.
Based on the explanations and signs in the chart, I predict two scenarios for the short term. Based on the public acceptance of bitcoin, there is a possibility of climbing the chart. Given that Bitcoin has been on the uptrend for a long time, it is possible that the trend will break according to the chart.
If the daily candle is not closed above the Fibonacci line, there is a possibility of falling to the local support line
Today, the market is very emotional and one of the two scenarios may happen. 1-If it breaks the current support price, it could move towards the support line 2-If the price rises, the first target of the resistance line will be at the RET Fibonacci level of 0 and the second target will be at the level of 0.382 EXT Fibonacci. Due to the transfer of large...