MatthewDixon

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?

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