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Anything from outside these sources is a scam, and I will prosecute to the fullest extent of the law.
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This warning extends beyond X. I will audit and prosecute anyone who ignores it.
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Those who ignore this warning are guilty of impersonation and theft.
Thanks for your attention.
Gold: A Final Perspective
Following several previous warnings, gold is rapidly approaching the psychological threshold of $4,000. While this figure holds no technical significance, the accompanying chart offers critical insight: gold remains far from establishing a durable low.
Please note that this will not be a linear trajectory toward the indicated Fibonacci target; BUT the inevitable path remains to the downside. The Fibonacci target is derived from the larger swing highs and lows marked as the white A, B, and C. The red ABC pattern represents a 5-3-5 wave structure projected to reach 3,300 before a more significant technical floor is reached.
I strongly encourage you to subscribe to our complimentary "Key Report" to receive analysis before market moves occur. Doing so will ensure you are not navigating blindly in a market environment poised to wrongfoot the majority of participants. (link in bio)
Chart source: 7th Key Financial
Check out my #GOLD analysis on @TradingView: https://t.co/VO2CJelQb4
Well, that's a warp!
To provide you with a brief commentary and accompanying chart ahead of tomorrow’s trading session, please consider the following insight from Zerohedge:
"With 'triple hooks' (CCC) already trading over 1000bps, credit stress is creeping up the quality curve (as it does in every cycle) with IG and HY spreads pushing back towards post-Iran-War wides."
Please keep in mind that credit markets often serve as a leading indicator for equity performance. In other words, this party might just be getting started! Stay vigilant!
Source: Zerohedge
A Follow-Up Warning: Why Bitcoin’s Current Path Concerns Me
One week ago, on October 7th, I shared why you need to stop listening to influencers. This was after our call at 58K to go long into the 80Ks. We reached my precise target at the C-Wave termination of an Expanded Flat at the 1.272 Fibonacci level. (Receipts are littered throughout my feed with this call).
I mention my prior bullish call to illustrate that I maintain the flexibility to enter long positions when conditions are favorable and to initiate short positions when the market environment necessitates it.
Today, and even though most will ignore it, I am warning once again that Bitcoin is NOT going to new highs and influencers aren't technicians. Please take this last warning as an opportunity rather than an attempt to troll because this post is contrary to any bias. I can assure you, the pain coming for Bitcoin hasn't begun to emerge. That pain will occur after the breach of the 57K low, which will be taken out in due time.
Until tomorrow, have a wonderful Wednesday.
Proverbs: 3:6-9
Bitcoin 3-Day
Due to my slate of meetings today, I will be keeping a low profile today on X; however, I wanted to share a quick 3-day Bitcoin chart for those interested.
As previously noted, 7th Key identified a bullish opportunity at 58K, which saw a move to 87K; however, I subsequently noted the formation of an expanded flat, indicating that further downside is likely. There are three critical techncial factors to observe on the attached chart:
- The .382 - .5 Fibonacci retracement zone, which previously served as a resistance level for the 2022 rally, is where we are currently positioned.
- A significant, unmistakable hidden bearish divergence.
- Fractal comparisons that remain consistent with previous patterns, noting that the 2026 cycle is merely more elongated.
While my goal is not to drive engagement, it is disheartening to see so many investors following influencers with large platforms, only to suffer significant losses. If you are interested in learning a more objective approach to navigating the markets rather than following the crowd, 7th Key provides a complimentary newsletter. It is completely free, and you may use the link below to sign up and receive notifications when we reopen enrollment for our community.
https://t.co/3MxECtNUBT
Chart Source: 7th Key Financial
@FinanceLancelot Here ya go Financelot.
The “cherry on top” 🍒 ???
The comparison comes complete with a shooting star 💫
All to punctuate the perfect 1929 fractal. 😊
Great work Wasim! As for our 7th Key platform, it remains closed as we keep the community small in size (helps me to mentor and communicate with people, rather than having too many folks).
That said, once we do open back up, the ones who are subscribing to the free Key Report are the only ones considered for membership. And even there, we have a hard enrollment cap.
So, while you wait, be sure to get the freebies. Even though it’s free, it’s still valuable. 😊
PS-thanks for the follow here on X. Means a lot.
I mean that we are not going past 126K in the next year and more than likely going to be under 57K in Q1 of 2027. Sorry for any confusion. As for if it makes a new high beyond that, that’s a bridge too far, lol 😂
Fwiw, I am still a fan of BTC but as a technical analyst just sharing my thoughts on the foreseeable prospects.