as you can see in the picture, these days the BTC is facing with its most important resistance area in weekly time frame.
during this weeks if the price can breaks that, we will have a new long term buy signal! and if can't, we will encounter with the unbreakable support area at the blue zone.
One thing that I thing is more important than other things in the Gold chart is that after 6 months, finally, the price breaks an important RES level up and started a bullish trend! which makes of every price fall, an opportunity to BUY.
although we have had SELL signal, after a downward movement, the price facing a support area which is a cluster of fibo levels and downward channel bottom. I think, soon or late, the price goes back downward and go for new lows.
In previous analysis, we see that with the break of 1220.54 level, the SELL signal is being processed, now, that signal is already active and what is important is that we are facing an important resistance at 1223.33$.