When we investigate the suplly areas in a 4-hour period, I believe that the resulting image may be 3.50% gold's stop loss area.
When we look at it with the Fibonacci fan, it shows that prices can be consolidated in the 3/1 and 4/1 area. If this area is passed as a accumulation area, it will fall to the 12K target we mentioned earlier.
I believe that these zone angles will work as support. After the test in this area is over, I think btc should encounter 2 resistances, 24-28K. Thus, a complete bearish chart will be formed systematically.
But first of all, I believe that at least one of these two resistances should be tested.
When we look at it with the Fibonacci fan, it shows that prices can be consolidated in the 3/1 and 4/1 area. If this area is passed as a accumulation area, it will fall to the 12K target we mentioned earlier.
I believe that these zone angles will work as support. After the test in this area is over, I think btc should encounter 2 resistances, 24-28K. Thus, a complete bearish chart will be formed systematically.
But first of all, I believe that at least one of these two resistances should be tested.
