Jump to content

Commodities: BITCOIN, USD, Bonds, 10Yr, GOLD, SILVER, OIL, GAS, ORE, COPPER URANIUM. Elliott Wave

Recommended Posts

Commodities Market Trading Report - Technical Analysis Elliott Wave, Trading Levels and Trading Strategies
Content: Bitcoin, US Bond Yields, USD, DXY, US Gold XAU, GDX, Silver XAG, Gold Stocks, Iron Ore, Copper, Uranium, Crude Oil, Natural Gas.
Commodities Market Update: The commodities market is poised for potential shifts based on the USD DXY performance, as the dollar approaches the concluding phases of an Elliott Wave ABC correction. Specifically, the wave count indicates Wave iv of (v) of c) of 2. Upon the completion of the dollar's rally, a strategic approach involves waiting for the initial impulse wave lower. This serves as confirmation that the dollar is set to decline, opening opportunities for long trades in gold, silver, and various currencies. In the context of Bitcoin, with a downward movement to the next support level at 38,000, alternative wave counts are considered for a comprehensive analysis.

Video Chapters
00:00 Bitcoin (BTC)
11:46 US Dollar Index, DXY 
15:24 TLT Bonds. US Gov Bonds 10 Yr Yields
18:05 Precious Metals: Spot Gold XAU /GDX ETF / US Spot Silver XAG 
25:47 Base Metals: Iron Ore, Copper XCU/USD. Uranium URA ETF
30:54 Energy: Crude Oil WTIOIL / Natural Gas NG
37:57 End

Analyst Peter Mathers TradingLounge™ 


Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Ever feel like you're stuck in crypto traffic? Slow transactions and outrageous fees are the bane of using blockchains like Ethereum at their core (Layer 1). These networks can only handle a limited number of transactions per second, causing major congestion during peak hours. The result? Frustratingly slow processing and expensive fees for users.   But wait, there's hope! Layer 3 rollups are here to revolutionize the game. Imagine them as express lanes built on top of existing bypass roads (Layer 2 solutions). Layer 2 already helps by alleviating some of the traffic on the main highway (Layer 1). Layer 3 rollups take it a step further, adding dedicated express lanes to these bypass roads for super-fast processing. This innovative approach tackles Layer 1's congestion by distributing the workload across multiple layers, ultimately leading to faster, cheaper, and more scalable blockchain applications.   While specific layer 3 implementations are still under development, some projects are paving the way. Immutable X (IMX token) built on StarkNet (a Layer 2 scaling solution) and dYdX (DYDX token), a decentralized exchange on StarkNet, are both exploring layer 3 rollups to achieve even smoother transactions. Keep an eye out for zkLink Nova, a major player in the scalability game. This cutting-edge technology leverages the strengths of existing solutions to deliver groundbreaking performance. Backed by leading crypto institutions with over $23 million invested in the zkLink ecosystem, zkLink Nova is generating serious buzz ahead of its ZKL token listing on Bitget. Get ready for a smoother ride on the crypto highway!
    • Well, I didn't mine $PIXFI but I was able to make good profit from Bitget Poolx. 
    • This partnership further shows Bitget continuous passion for massive crypto adoption 
  • Create New...