MatthewDixon

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Dashed red line target indicated for #SPX many months ago, now achieved
Wave 3 was precisely 2.618 x wave 1
The final 5th wave is itself broken into 5 waves and should be nearing completion
Bearish Divergence present
S&P500 and other stock #indices are flashing warning signs imo
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We indicated the dashed red line target for #SPX many months ago (which we have now achieved)
wave 3 was precisely 2.618 x wave 1
The final 5th wave is itself broken into 5 waves and should be nearing completion.
S&P500 and other stock #indices are flashing warning signs imo
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I was asked to post #WIF recently.
It appears to be in terminal decline and hopes for revival would depend on:
Meme cycle revival which could give high upside but has low probability in the current climate.
Triggers to watch for -
Volume returning
Meme sector rotates (#BONK/#PEPE type flows)
Break above $WIF 0.20
Then fast move to $0.30–0.50
If momentum builds even $0.60+ possible
BUT CHANCES ARE LOW imo
WIF-0,94%
BONK-1,96%
PEPE-1,51%
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A LONG term view of #XAU shows some VERY INTERESTING FIB relationships.
Wave 3 and 5? precisely equal and both precisely #GoldenRatio 1.618 x wave 1
That would be unusual as you normally only get two FIB relationships in one cycle
We must therefore manage our risk very carefully as #GOLD may have peaked at the recent ATH
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Devergences consistently showing the way (in advance) for #ETH
Highly likely we see another significant push down for $ETH which sadly means that there is likely no quick resolution for the geopolitical situations raging.
ETH-0,08%
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I have been calling for #BTC to tun lower from about $BTC 80k and we reached 79,500 which IS close enough BUT I would still PREFER a final little push higher to just surpass 80k (when I would jump in with short)
I tend to be more cautious when shorting and will not DCA but just take one small position if we achieve target
BTC-0,15%
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更新 #XAU
我们可以看到,提议的向下修正不完整,最终的C浪由蓝色的5个浪组成——浪1已完成,一个杂乱重叠的浪2,然后浪3恰好是浪1的2.618倍,接着浪4(显示出与浪2的完美交替,现在正进行最后的第5浪,然后再次向上,迎来#GOLD的更高走势
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Another substantial low may be on the cards for #XAU to complete a large wave 4 correction before higher to another new ATH.
Could the new ATH be drive by more Money Printing?
WHY is #GOLD not behaving as a solid "safe haven" in time of trouble?
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5 RULES I NEVER BREAK IN TRADING!
Never use a "desired" profit of loss amount as your target. Use TA to determine entry, exit stop-less levels
EXCEPT in the case of preplanned DCA, NEVER add to a losing position.
I NEVER base a trade on Elliott wave alone. Its a great framework on which to add indicators but too subjective on its own.
NEVER follow the crowd. Listen to others but make your own decisions.
ALWAYS stick to a firm set of rules AND keep records!
What rules have is missed? 🤣
ACTUALLY RULE #6 - NEVER BE DOGMATIC because even the best get it wrong sometimes 🤣
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5 RULES I NEVER BREAK IN TRADING!
Never use a "desired" profit of loss amount as your target. Use TA to determine entry, exit stop-less levels
EXCEPT in the case of preplanned DCA, NEVER add to a losing position.
I NEVER base a trade on Elliott wave alone. Its a great framework on which to add indicators but too subjective on its own.
NEVER follow the crowd. Listen to others but make your own decisions.
ALWAYS stick to a firm set of rules AND keep records!
What rules have is missed? 🤣
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This #BTC chart shows POTENTIAL Hidden Bearish Divergence forming (If RSO goes above 70)
This would support the case for a Bearish reversal from what appears to be a correction higher in the form of ABC
BTC-0,15%
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#BTC target in sight at the 100% extension of the A wave @ $BTC 80,500
IF we see a push above #RSI 70 level then we would have bearish divergence from the Jan 14th High.
BTC-0,15%
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THERE COULD BE TROUBLE AHEAD
#OIL appears to have completed a contracted flat correction, where -
Wave A moves against the main trend (initial pullback)
Wave B retraces upward but fails to make a strong new high
Wave C moves down again but does NOT break far below Wave A
OR WXY with the same outcome.
This means $OIL is likely headed to new highs with risk assets #BTC #Crypto etc moving in -ve correlation downwards!
BTC-0,15%
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THERE COULD BE TROUBLE AHEAD
#OIL appears to have completed a contracted flat correction, where -
Wave A moves against the main trend (initial pullback)
Wave B retraces upward but fails to make a strong new high
Wave C moves down again but does NOT break far below Wave A
This means $OIL is likely headed to new highs with risk assets #BTC #Crypto etc moving in -ve correlation downwards!
BTC-0,15%
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#BTC is still within the large consolidation higher and may have a little higher to go before it breaks down
BTC-0,15%
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This is the long term picture for #BTC from the FTX crisis when $BTC was 15,500 to the ATH and then down to today.
The final section with red arrows is likely a consolidation which should break lower to complete the correction before we move higher towards a potential blow off top
BTC-0,15%
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We are at a very important crossroads for #DXY
On the monthly chart we havent closed below support since the financial crisis in 2008/9 and I doubt we will now.
IF Geopolitical issues re-escalate then #Dollar will push higher and risk assets #BTC #Crypto etc will head down
BTC-0,15%
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Hopefully we still get our blow off top.
That would need to happen before America is severely weakened by Trump policy.
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IF TRUE, then World War III could be upon us soon than we thought!
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#BTC has possibly completed a 'proposed' Triangle, where the E wave is the only wave that can under or overshoot the trend line.
Im still hoping for a final little push higher to enable me to enter a short sell but for now I have not positioned
BTC-0,15%
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