MatthewDixon

#GOLD still has some downward movement (to complete 5th wave of C) before the next move higher.
This can actually be abc down or 123
BUT either way we should get a decent #XAU reaction higher once that 5th wave down completes!

#TAO #Bittensor would be one of my favourite #ALTs WHEN the main market turns to the upside (not yet IMO)
3 waves down and I would be interested in a Long for a potential 5 wave move higher
Clear asymmetric $TAO upside against $BTC imo

Watching that $OIL / $BTC inverse correlation playing out perfectly.
The #BTC Long close yesterday was prudent and paid off, awaiting better entry levels

#BTC is progressing precisely according to our expectation (despite adverse Trump/Iran developments)
However, keep in mind that the move higher appears corrective and so we should be aware that the trend overall is still down for $BTC & #Crypto #ALTs etc
I have already closed Long positions as a precaution.

From the #DXY low point on the bottom left (coinciding with over $BTC 90k) I believe we have almost completed a 5 wave impulse up.
We should soon expect 3 wave correction down (likely coinciding with #BTC pump)
Then #Dollar should push higher again causing longer term lower #Bitcoin & #Crypto

But at least @Trump and his cronies made a lot of money out of the situation 😔

#SOL looks to have real potential for a run up to $SOL 109, having likely completed the a up and b down with c higher expected to complete the 'flat' correction.

Interestingly, the 3rd wave is precisely #FIB 4.236 x wave 1.
This is a relatively extreme extension, but typical of #OIL where the 5th wave is often extended as opposed the the usual 3rd wave extension for most assets.
This could mean that $OIL may correct down for a while despite all the #Trump sabre rattling

Trump considering attack on Kharg Island to take Iranian #OIL for America - causing $OIL gap higher🚀
I’m not even being political when I say - “This will end in trouble like never before” (To use @Trumps own terminology), Russia/China will not stand idly by. I’m worried for the future with this egotistical maniac in charge 😔

I’m not even being political when I say - “This will end in trouble like never before”
Russia/China will not stand idly by.
I’m worried for the future with this egotistical maniac in charge 😔

Very nice reaction so far on #BTC
Market expecting continuation down and so it is likely we push a bit higher to liquidate shorts that have built up.
This was the normal reaction following Hidden Bullish Divergence - catching retail market by surprise

The long held #DXY channel has been respected all the way back to the 2008/9 financial crisis. #Dollar turning points have historically coincided with reversals in #BTC and we are POTENTIALLY at one of those reversals from the channel support (which hasn't seen a CLOSE below)

Im hoping this plays out for #OIL in terms of the potential move lower soon. This would then take the pressure off #Inflation, allowing interest rates to reduce and #BTC #Crypto to pump
I am waiting to 'Long' $BTC and selected #ALTs

Current correction lower looks complete and could now be headed higher for a while, ideally taking out the high shown here for #BTC
$BTC Hidden Bullish Divergence in place

As discussed in previous posts, #OIL & #DXY are showing inverse correlation to #BTC & #Crypto
Expecting short term pullback for OIL and #Dollar before another run to the upside.
Expect the precise opposite for $BTC $Crypto

On the Daily chart we can better see my expectation for a little move higher (to liquidate shorts) before the next #BTC move down. Remember, "The market can stay irrational longer than you can stay solvent"

Some analysts say that the Bear Flag is complete and we are headed down now for #BTC
I do not believe this is the case. The whole move within this bear flag formation STILL looks corrective to the downside and so I would expect another push higher before we decline to the low $50s for $BTC (so I wont be shorting from here)

@ $BTC 52,245 FIB A=FIB B is a good potential turning point from the #BTC downside
A final "shakeout" with Iran could cause a final selloff but then it is likely PEACE with breakout across Middle East region, resulting is #Inflation falling rapidly and a #Crypto #ALT peace RALLY