MatthewDixon

#GOLD is looking vulnerable at these levels and price should soon retest the March low shown on the chart.
The #XAU move up from that March low has been corrective and an impulse lower should materialise

US Unemployment is one of the warning signs of potential trouble ahead. Unemployment is rising to levels that typically signal recession incoming. We also see warning with Bond yields and rising #Inflation as a result of elevated #OIL
Im sure that if crisis hits then there will be innovative attempts to stimulate the economy but these tend to have less and less impact each time they are employed such as the 2009 Financial crisis and the Covid crisis

It looks as though we are nearing the end of a corrective triangle for #BTC
Remember that the E wave can under or overshoot the trend line
Here, the E wave is made up of abc with the c wave potentially equal to the a wave

Nobody can deny our accuracy in predicting the #OIL prices with both tops signalled in advance and the current decline too.
We have been able to use $OIL to determine geopolitical developments before they happen!
AND now I am saying that unfortunately whilst OIL does have lower to go, there will be a negative development on the geopolitical scene that will drive prices higher again - BEYOND the previous high shown on this chart.
This of course has implications for #BTC & #Crypto #ALTs etc which are inversely correlated with OIL and so we expect a little higher for $Crypto, then down AGAIN

Nobody can deny our accuracy in predicting the #OIL prices with both tops signalled in advance and the current decline too.
We have been able to use $OIL to determine geopolitical developments before they happen!
AND now I am saying that unfortunately whilst OIL does have lower to go, there will be a negative development on the geopolitical scene that will drive prices higher again - BEYOND the previous high shown on this chart.

Now that’s genuinely funny imo after his recent posts.
On the one hand we shouldn’t laugh at somebody who is clearly senile and lost his marbles but the problem is that he’s in such a powerful position that can affect most of the world

#OIL has further to decline before the next sharp appreciation.
AGAIN the chart is telling you the price action ahead of the news that will validate it.
Talk of peace (causing the current decline) is premature imo and unfortunately we have bad news ahead

#GOLD breaking lower in line with Bearish Divergence signals where #XAU has been rising despite RSI falling, meaning that the price rice is NOT supported

This chart is also a powerful demonstration of the use of Divergence signals with two Hidden Bullish Divergence signals in red followed by $BTC appreciation and a Regular Bullish Divergence in blue signalling appreciation and finally, Regular Bearish Divergence in green signalling the downward movement in #BTC
Plenty of profit to be had on those simple signals alone with 100% accuracy!

This chart is also a powerful demonstration of the use of Divergence signals with two Hidden Bullish Divergence signals in red followed by $BTC appreciation and now we have Regular Bearish Divergence in green signalling the downward movement in #BTC
Plenty of profit to be had on those simple signals alone

#BTC is still ranging within the parallel "corrective" channel.
This can be used to inform short term range trades but in the bigger picture is is a Bear Flag consolidation and potentially a triangle which should break sharply to the downside once complete.
I would amigo take a shot position with a reasonable stop-loss IF we approach the $BTC overhead channel resistance

Yesterday we showed the #ETH Hidden Bullish Divergence and price has reacted as expected.
Im still out of the market whilst we are still roughly mid range within a channel.
IF we hit the top of the channel then I may consider a short - but not yet

Some say it’s not Trumps fault - he just can’t help being what he is.
But those who voted him in are responsible

#ETH could go higher from here but I would be extremely cautious.
Whilst we have slight Hidden Bullish Divergence in place, the overall correction looks incomplete.
You could begin to DCA from here but recognise that we can certainly get another low before any lasting Bullish reversal

The correction for #XAU MAY be complete as we have a good corrective structure from the ATH and we have strong hidden Bullish Divergence but looking on shorter timeframes there is a hint that the correction may have a little deeper to go.
With that in mind, im happy to go long #GOLD but with zero leverage and possible patience needed!

The #OIL chart has not deviated from our expectations and the interpretation has led the geopolitical news.
This is really a testament to $OIL traders who clearly dissect news developments with skill and apply effectively ti their trading.
The inverse reaction with #BTC & #Crypto is easier to follow when we understand asset relationships

The #OIL chart has not deviated from our expectations and the interpretation has led the geopolitical news.
This is really ba testament to $OIL traders who clearly direct news developments with skill and apply effectively ti their trading.
The inverse reaction with #BTC & #Crypto is easier to follow when we understand asset relationships

NOT the right time to take a #BTC or #Crypto trade right now.
We are right in the middle of the parallel channel (no mans land) and this reflects the uncertainty of the situation with the fragile ceasefire in the Middle East.
Patience pays in this situation

IF we were to break #ETH support shown, then I would be interested in shorting on a retest of what would flip to overhead resistance but right now I DO NOT see a sensible trade

Just to be clear #CRCL does look to have more downside ahead, following 5 waves impulsively higher then ABC down with the C wave in the early stages of decline, probably targeting AT LEAST the 61.8% extension