NeverNO

BTC Here I have 3 conditions for further development: 1. Until we see a close above 31777 on a monthly basis, there is a strong possibility that BTC will remain in the downtrend. 2. If condition #1 is confirmed, the next target is 16530 and from this level the blue or red option applies 3. If 16530 fails, I see three lower price levels as potential targets: 10778 9133 8628Comment: BIG PIC

As long as gold does not close above $1988.5 on a daily basis but stays below the red line, I believe a correction has occurred.The targets are:TP1 = $1920.85TP2 = $1877.48One of those two follows: either a red path or a blue path.$Chart 6 months:If by the end of the year, more precisely in the second half of the year, not a single month closes above $2052, then we will see a falling trend (red arrows).Otherwise blue arrows.If it falls below 1968.53, then it goes according to the red arrow.

Gold should fall a bit more.The following targets are:$1798,425$1792.63 and$1787.347 = 50% FIB (Since Sep 28, 2022 to the last high).Confirmation of a lower price is going below $1810 on a daily basis.The reversal could happen on Thursday (02 March).

From the monthly chart, BTC just hit 1,618% FIB of the month of November 2022.I think March will be higher than February which would establish the blue wave a.After the corrective blue wave b, the blue wave c should follow, which then marks either the black wave (B) or the red 4.But in general, I think that if BTC does not surpass 32933 but stays below that level, it is likely to drop back to 16530.35 at least.And if it breaks below 15460 it would confirm the red wave (5) or black (C) which would target 13804.81 and eventually 10779.63

Here is a very bearish scenario.I only have one condition to make it work:In the next 6 weeks (i.e. until Christmas) there should not be a close above $1810 on a weekly basis, otherwise the pink i would be the 4 and the bullish wave 5 would rise above the last ATH.1786.42 reached!Gold hit 1807.29 and immediately rebounded.Contrary to my main chart, here I am considering a potential wave 4 which is an option as long as gold is above 1729.46 (green line).

1676 support has been broken, suggesting this month will close below it.The first target is @1616.4$Mentioned support ($1676) is turning into resistance, so October will run a bit higher at first, but then probably hit $1575.01.If the $1575 price level falls as well, then the next targets of the indicated a b c correction are:1498.701470.901430.811412.30-------------------------------------------------- ---------------Below 1412.3$ follows 1284.59 / 1277.10.-------------------------------------------------- --------------If you find this analysis useful, give it a Like.Jul 6Dec 15 2021Gold has hit 1616.4 and rebounded heavily.

Weekly: MACD = pronounced short Target = SMA 200After this week I expect 3 more bearish weekly candles.Once SMA 200 is reached there should be a pullback.If the price stabilizes above $1650 then there is blue path as a potential bullish development, a close below $1650 (SMA200 weekly) would lead towards $1500.Intraday:Below 1740.12 remains short.1725.77 reached!Next week TARGET:1809.470

Not much needs to be said here, except that don't be surprised if the red c is equal to the red a and it can fall at the same angle.Currently I see the yellow circles as TP.It remains to be seen whether 1,618% of the black (A) will also be achieved (grey circle).Alternatives:Daily - bullish GARTLEYWeekly - bearish GARTLEYMonthly - bearish BUTTERFLY1. TP @1826,87 done!

In between again a chart.On March 29, the price dropped to SMA 50 and from there it bounced.As long as SMA 50 serves as support, I anticipate a potential bullish ABC correction.If you see that the Detrended Price Oscillator has risen above the zero line, then the trend is bullish and v.v.Applies to all time windows... watch this so you can orientate yourself better.Condition: for this setup to be successful, it would be beneficial if we don't see a daily close below $1937 in May.Bearish outlook if there is no new ATH.This means that just one more ATH makes this option obsolete.