MatthewDixon

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!

#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 😔