We tested the 108 level in Dxy last week (dangerous area). We got rejected from here for now. The decline continued to the 106.50 level during the week, then it is getting a downward reaction again. We can come back up to the 107.15 level here. I think that level will be the last rise level in Dxy. In the medium term, every exit continues to be a selling opportunity. The Dxy sell buy everything else strategy will continue until the second quarter of 2025. I expect the decline on the Dxy side. It should continue until around 104.40.
Dax is a product that has been stalling for weeks, it has finally made a new ATH. I don't have DAX in my personal portfolio. It may not have seen some correction this week, then we will go towards the 22000 and 23000 levels. The main support remained at 19600, correction up to here is healthy. There should be a decline from around 20800 to around 20300 on the DAX side.
Nasdaq is a new product that makes a new breakthrough, it continues to throw money every day. There should be some correction this week. 21000 and 20800 levels are support, every drop continues to be a buying opportunity. The main support remained at 19500. As long as it remains above this level, we will move towards 22000 - 25000 levels. However, volumes will decrease as we approach the new year. Slow movements are normal. The rise may continue until around 21750, then I expect a drop to around 21000.
The rising channel was broken in the short ounce of gold. However, the large rising formation is still continuing. The bottom level will be completed by December 20. I continue to buy all the drops down to the 2500 level below. The main support is at 2400, as long as this level is not broken, 3400 will be seen in 2025. The ounce of gold is moving in the direction I expect. After the slight upward reaction, I expect the sell movement to continue downward to around 2545 - 2550.
Technically, the horizontal squeeze continues in ounce silver. In fact, it is waiting for gold's clear return. For those chasing the horizontal band, 29.50 below and 31.50 at the top can be traded in this band. My medium-term target price is 50+ dollars. Every decline continues to be a buying opportunity. A decline may come to around 29.80 in ounce silver.
I am tired of explaining that Brent oil has been dysfunctional for a very long time. Whether you like it or not, there are at least 4 - 5 years for oil to move to 200 - 300. We will have to get used to 40 and 30 dollars of oil in 2025. Technically, every exit continues to be a sell. 68 support is the last escape point.
We have broken all resistances in Bitcoin. Technically, I expect the continuation of the slightly zig-zag process that takes up to 110 in the short term. At the top 110000, below 90000 will be good for the revival of altcoins. Our main target is 150000 - 180000, if they exaggerate it may appear 200000. Last week, the decline I expected on the BTC side came, but unfortunately it was in the form of a needle without giving a buying opportunity. If there is no setback, I expect a third wave decline, I expect it to fill the 90500 needle. After a decline to around 94500, a reaction to 99500, a drop from this point to 90500. I have a channel bottom of 87500. The correction can continue until here.
We are gradually moving towards 5000 - 6000 in Ethereum. 5000 is the starting point for Ethereum. If it makes even half of the movement in the last bull, 10000 and above may appear. Nothing happened in altcoins, the festival will begin when the crypto total market cap exceeds 500. There will be sudden upward explosions in altcoins and then 50% drops. Then they will go up much harder. In other words, volatility will start. My humble advice to you is to apply a strategy instead of waiting for 100x - 200x. Many altcoins will go at least 10x - 15x from their own bottom. Some 20x - 30x, some 50x - 100x, it may sound like a joke. But we will see 300% 500% 1000% movements that fit into a single week. Continue to carry patiently, until I say I'm done, I'm out. When I get out, those who stay in the market for 2x - 3x more will face the next bear season and their money will melt by 90% - 95%. I explained the time we will enter, I implemented it. I will also explain the time we will exit and I will implement it, you will decide whether to earn a few x less or get caught by the bear.
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