Comprehensive Elliott Wave analysis: Bitcoin, Ethereum, Gold, Silver, and commodity markets [Video]

Peter Mathers TradingLounge

Bitcoin, USD, Bonds, Yields, Gold, Silver, Copper, Uranium, Lithium, Nickel, Crude Oil, Natural Gas

Commodity Market Elliott Wave Analysis for Bitcoin, ETH/USD, TLT Bonds, USD/DXY, Gold, Silver, Copper, Uranium, Crude Oil, and Natural Gas

Dollar (DXY) Should continue to show weakness giving strength to AUD, GBP and EUR etc.
TLT Bonds continue to move higher developing into an impulse wave structure.

Bitcoin (BTC): Despite a large number of short futures contracts keeping Bitcoin's price suppressed, our Elliott Wave count maintains that Wave (4) is at its low, with Waves 1 and 2 potentially in place.

Ethereum (ETH): Trading below 3000, Ethereum looks weaker, while DOGE appears slightly more positive.

Gold, GDX, and Silver: These assets are still tracking higher, so it’s advisable to continue holding long positions.

Base Metals: Copper and Uranium are trending positively, indicating strength in the base metals sector.

Crude Oil: Crude oil remains sluggish, struggling to lift from its lows, though XOM has begun to move higher.

Natural Gas: The corrective Wave (2) rally in natural gas is losing momentum.

Video chapters

00:00 Bitcoin (BTC) Ether ETHUSD Dogecoin.

07:17 US Dollar Index, DXY / TLT Bonds. US Gov Bonds 10 Yr Yields14:11 Precious Metals: Spot Gold XAU /GDX ETF / US Spot Silver XAG.

21:36 Base Metals:Lithium, PLL, Uranium URA ETF /Copper / Nickel / Lithium.

32:32 Energy:XOM / Crude Oil WTI OIL / Natural Gas NG.

41:08 End.

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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