Commodity Market Elliott Wave Analysis for Bitcoin ETH/USD, TLT Bonds, US 10 Yr. Yields, USD/ DXY, Gold, Silver, Copper, Uranium, Crude Oil, Natural Gas Commodity Market Elliott Wave Update: Bitcoin Wave v) of 1 of (5). Ether Wave v) of 1 of (5) I have aligned Bitcoin in line with the Nasdaq as a possible wave count option.
US Dollar DXY, for a bear count a move below 104 is required, the Bonds and yields suggest this to be the case, but I will wait for the evidence. Gold and silver are in or completed their wave fours, holding long is the position. Base metals are a mixed bag, and each one needs to be taken on their own merit, once the DXY has a confirmed trend this could help drive a commodity trend rebalancing price.Bitcoin (BTC) and ETH/USD:
– Bitcoin: Currently tracking Wave v) of 1 of (5).
– Ether: Currently in Wave v) of 1 of (5).
– Bitcoin’s wave count is aligned with the Nasdaq as a possible scenario.US Dollar (DXY):
– A bearish count requires a move below 104.
– Bonds and yields suggest this bearish scenario, but confirmation is needed.Gold and Silver:
– Both are in or have completed their Wave 4.
– Holding long positions is recommended.Base Metals:
– Show mixed trends and should be evaluated individually.
– A confirmed trend in DXY could influence commodity price rebalancing.Video Chapters
00:00 Bitcoin (BTC) Ether ETH/USD
11:09 US Dollar Index, DXY / TLT Bonds. US Gov Bonds 10 Yr Yields
17:56 Precious Metals: Spot Gold XAU /GDX ETF / US Spot Silver XAG
23:46 Base Metals:Lithium, PLL, Uranium URA ETF / Copper / Nickel
28:14 Energy:Crude Oil WTI OIL / Natural Gas NG
30:51 EndAnalyst Peter Mathers TradingLoungeMore By This Author:New Zealand Dollar/U.S.Dollar (NZDUSD) Forex Elliott Wave Technical Analysis
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