Bitcoin is coming to an end of its retracement.
STOCKRSI daily oversold CHECK,
9 Daily bar drop completed CHECK,
MA200 daily supported CHECK,
bottom hammer candle with a volume CHECKISH??
possible target ribbon 47-49K
Bitcoin 47-49K bandı hedefli dönüşe hazırlanıyor
Bitcoin is bounced from raising support 4th time. It probably will head to the upper resistance ~58.8K,
HOWEVER IF it comes back to test raising support again -within couple of days- without reaching 58K~; then most probably will break and lower levels like 54K~ area can be tested.
Gold is moving between support and resistance of a falling broadening channel (pink lines)
Decision point: whether it'll break and stay above the very historic horizontal resistance(bold purple) OR not. If it can, then the target is 1800~, if it fails to breakout, then 1650~ areas are the targets to be tested.
Since gold is losing some portion of it's market to...
Although there is bearish divergence between daily price and RSI(pink lines); STOCKRSI's movement will probably push the price above daily MA20, (which will result of not coming back below20 levels on STOCKRSI easily). IF not succeed to keep above daily MA20, then withdraw to 41K zone can be expected.