MatthewDixon

#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

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

#XAG likely has lower to go to complete the correction down.
It looks like ABC with the C wave (which will be made up of 5 waves) still underway.
Once complete #Silver should head higher again

#DXY with no surprise here.
This final leg higher from the #Dollar low on Jan 28th was in 5 waves and so we expected some kind of $Dollar weakening and an accompanying pump in #BTC & #Crypto

#FOMC minutes due for release today could have some effect depending on the biases

#BTC also took a its cue from the Iran ceasefire news.
This IS a bear flag setup imo and in these situations I always take profit early because there is likely to be a powerful reversal at some point (perhaps if hostilities resume after the ceasefire) OR -ve economic news?