mithridates0

mithridates0

In the daily chart of Bitcoin, we see the formation of harmonic patterns. Shark & AB=CD. Harmonic patterns will be confirmed if this area can stop bitcoin from falling. We also expect divergence in MACD. So, in this area, it needs to stay in place for a few weeks and then move upwards. Otherwise, there is a possibility of falling to the specified area.

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Gold may form a harmonic pattern with a negative divergence in H4 and H1. After that, by breaking the line, it has a downward trend 1945-1955 is an important area.

mithridates0

We can see a Bullish Gartley pattern in Daily timeframe. There is also a regular bullish divergence at the end of the Pattern. There are also support lines in this area. With time analysis we can also obtain a TRZ. So, XAUUSD in this area can change the direction of its movement.

mithridates0

Can it form a bat pattern? what is your opinion? There is strong resistance in this area,1811-1817 , If it can pass, maybe this pattern will be formed. If the power of movement increases, we can also think of the bat pattern.

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The chart at the bottom of the ascending channel forms a shark pattern and there is an HD divergence. We may move to the 1860 level. But it is better to first wait for the chart to react to this level of support

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We can see the divergence and the butterfly pattern. There is a possibility that the price of gold will fall.

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Does gold change direction with Gartley or crab? The power of the step is relatively strong.