MatthewDixon

#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?

As expected, #OIL down.
The charts tell the story before the news validates.
I hope you guys made money.
Also we noted the inverse correlation with Risk assets, #BTC #ETH #SOL #Crypto & #ALTs which have all pumped on the ceasefire news

#ETH made a nice 10% move over night and whilst it is likely to go quite a bit higher (within this correction) I have taken profit on the long positions I signalled in advance.
I will await the next entry and notify accordingly

As expected, #OIL down.
The charts tell the story before the news validates.
I hope you guys made money

We also have Regular Bearish Divergence on the 4hr for #OIL with #RSI still coming from overbought territory.
A breakthrough in the situation between US/Iran would allow $OIL to fall sharply and pump #BTC & #ALTs
Overhead resistance is the Risk level to watch, but without a break we should head down OIL & up #Crypto

We also have Regular Bearish Divergence on the 4hr for #OIL with #RSI still coming from overbought territory.
A breakthrough in the situation between US/Iran would allow $OIL to fall sharply and pump #BTC & #ALTs
Overhead resistance is the Risk level to watch, but without a break we should head down OIL up #Crypto

#XAU is highly correlated with #OIL and with a pull back expected, due to a hoped for agreement in the #Iran conflict, we can see #GOLD complete its correction down (in line with oil) and the inversely correlated pump in risk assets inc. #BTC #ETH & #ALTs

#OIL has stalled as expected BELOW overhead resistance and we now have deep Regular Bearish Divergence showing the path DOWN from here.
This tells us that at least temporary resolution will come soon in the @Iran conflict and this will be BULLISH risk assets #BTC #ETH #SOL & other #ALTs

#OIL has stalled as expected BELOW overhead resistance and we now have deep Regular Bearish Divergence showing the path DOWN from here.
This tells us that at least temporary resolution will come soon in the Iran conflict and this will be BULLISH risk assets #BTC #ETH #SOL & other #ALTs

As the circled area for #BTC is in three waves (corrective) down, I have been expecting a modest push higher.
We CANNOT be certain how high and so my advice was and is to protect a small profit in case of a reversal. The Iranian negotiations should end successfully but it could be a bumpy road getting to a settlement

The decision to go long has now been validated.
However with such uncertainty hanging over the market it may be prudent to protect a very small profit with a stop loss and trail it higher.
Im still hopeful for more out of the various assets I went long #ETH #BTC #SOL & smaller more volatile #ALTs

#DXY & #Oil should correct lower in coming days with a possible driver being weak GDP numbers or lower than expected #PCE.
Weaker #Dollar could also result from a cooling in the #Iran conflict (at least temporarily) and this should give #BTC & $Crypto a boost from current levels.
I am now long various #Crypto assets

Is that a fair assessment?

I had decided not to post any more on this “President”
But he must be called out!
Now he’s giving other nations oil away!
Can nobody stop him?

Looks to me like the #Iran war will SOON BE OVER 👋
#OIL will likely extend a little higher to the 1.382 #FIB which would equate to a double top before beginning a substantial decline.
This would mean, not much lower for #BTC #ALTs #Crypto #RiskAssets

Looks like #BTC is preparing to pump higher ahead of @Trump's speech tonight.
#Crypto #ALTs should follow suit 🚀
#Artemis 🚀 showing the way to the moon imo - But it WILL return to earth medium term 🤣

#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!