MatthewDixon

THERE COULD BE TROUBLE AHEAD
#OIL appears to have completed a contracted flat correction, where -
Wave A moves against the main trend (initial pullback)
Wave B retraces upward but fails to make a strong new high
Wave C moves down again but does NOT break far below Wave A
OR WXY with the same outcome.
This means $OIL is likely headed to new highs with risk assets #BTC #Crypto etc moving in -ve correlation downwards!

THERE COULD BE TROUBLE AHEAD
#OIL appears to have completed a contracted flat correction, where -
Wave A moves against the main trend (initial pullback)
Wave B retraces upward but fails to make a strong new high
Wave C moves down again but does NOT break far below Wave A
This means $OIL is likely headed to new highs with risk assets #BTC #Crypto etc moving in -ve correlation downwards!

#BTC is still within the large consolidation higher and may have a little higher to go before it breaks down

This is the long term picture for #BTC from the FTX crisis when $BTC was 15,500 to the ATH and then down to today.
The final section with red arrows is likely a consolidation which should break lower to complete the correction before we move higher towards a potential blow off top

Hopefully we still get our blow off top.
That would need to happen before America is severely weakened by Trump policy.

IF TRUE, then World War III could be upon us soon than we thought!

#BTC has possibly completed a 'proposed' Triangle, where the E wave is the only wave that can under or overshoot the trend line.
Im still hoping for a final little push higher to enable me to enter a short sell but for now I have not positioned

#ETH has turned lower a fraction earlier than expected.
I didnt catch this short but suspect we may still have one more push higher before down.
IF is pushes higher I will sell short - if not then I will remain patient.
We cant catch every trade and its better to miss the occasional trade than chase and end up with losses

Possibly one more push higher for #ETH before we head sharply lower imo.
Close to the overhead resistance line I would be looking to DCA in and build a short $ETH position

As @ilesanpepsi noted, this may well be a flat correction rather than a triangle but either interpretation should result in price headed down soon.
I like @ilesanpepsi interpretation because the first leg I labelled as A of the triangle appears to be in 5 waves which would be wrong, so corrective flat makes sense
Im not shorting just yet but thats what im looking at as my next trade

#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!