Just to be clear, BTCUSD is still in a bearish channel in weekly timeframe, so I'm not suggesting anyone to trade it.

I'm just saying 5-7K price range might end up becoming the support for 2020

OK it seems like the sanctions only blocked the money that belonged to Iranian official's overseas!

My mistake!

I was panicing about having my accounts freezed but it seems like its not going to affect all Iranians! Phew!

That's the wrap on the week.

Expect a lot of US vs Iran news over the weekend.

Im hearing roumors on social media channels close to Iran's government that Iran is planning to close down Hormuz strait to both force the international market into giving them sanction relief and also create some chaos to pull attentions away from the Ukrainian plane crash in Tehran.

I expected trump to stay silent till markets are closed and his tweets cant get in the way of his bullrun setting new record highs in the stock market. So the fight is likely to happen over the weekend (startin with Iran threatening to close hormuz strait or their proxies attacking Israel)

I will try to update you all on news about Middle East over the weekend as well.


Have a nice weekend everyone

Reports coming in of US troops closing the Baqdad's international airport.
There are also unconfirmed reports of Pompeo or Pence being in Iraq right now.


The social media channels affiliated with IRGC in Iran have all posted the same sentence of "big news is on the way.. "



Seems like something big is going to happen in middle east this weekend!

Reports coming in of high number of US fighter jets and helicopters circling around baqdad international airport.

Ok it seems like there is another wave of protests happening in Iran after the government was backed into a corner until they had to officially accept responsibility for shooting down the Ukranian plane.
there is a possibility of internet shutting down here but this time I have made the necessary arrangement to stay connected even if they cut people off 😎😁
so I'll be around for the next week.


still, with the shithole the Iranian government is stuck in right now, doesn't really give them a chance for doing crazy stuff like closing down hormuz strait since that would alienate close allies of Iran (Russia and China) and leave them defenseless against US.
that coupled with the fact that the daily candle in oil didn't have any significant correction(I think it had a time-correction only and the correction was still towards the downside) before the close of the market, makes me worried that we might be in a freefall in oil!
I'm going to hedge my bets and get out of my trades on breakeven (downside target I think could be $50 price range) so I will try swinging my way out on the way down with some scalping on the way, but unfortunately I think I will still lose profits made on it so far! oh well...shit happens.
with Iran being where it is now politically, I wouldn't cross off the possibility of the government officials fleeing the nation in the coming weeks!
that could also add the possibility of Iran's oil reserves getting poured in the market and we could see a race to the bottom (if shale keeps stealing market share from OPEC there is also a possibility that Saudi Arabia pumping oil in the market to take back their market share at the expense of their neighboring countries in the persian gulf region. and they are the only supplier capable of handling low prices in oil!)

in the meantime, I think our best bet in the market would be depreciation of USD and Gold getting stronger in the first 3 months of 2020. (and naturally a fall in oil due to risk appetite depreciating)

have a nice weekend everyone.

The protests in Iran are spiraling out of control. TV hosts of our national tv are resigning in protest and there is heavy crowds even in Tehran which was a comparatively quiet place in previous waves.

stay bullish on gold for now! I smell regime change!

Ukrain just announced that the rocket shot at the ukranian airplane has been shot manually by hand after aiming at target! (no computer error)

people in the streets are chanting swears and death-wishes on Khamenei directly and his IRGC forces!
he has officially lost the support of Iranian people.

so its now Islamic Republic (only real allies Russia - fuck putin - and China -fuck winnie the poo- ) against USA and the rest of the free world!

we should wait to see how US reacts to this mess!

Britain’s ambassador to Iran has been arrested during protests outside a university in the capital city Tehran and released shortly after. the reason for his arrest: "taking pictures of protestors"
British Foreign secretary Dominic Raab condemned Iranian government's action:
"“The arrest of our ambassador in Tehran without grounds or explanation is a flagrant violation of international law.
“The Iranian government is at a crossroads moment. It can continue its march towards pariah status with all the political and economic isolation that entails, or take steps to de-escalate tensions and engage in a diplomatic path forwards.”"



there are reports of IRGC forces shooting at protestors, and videos of people chanting "we don't want Islamic Republic"

trump used this chance for posting his first Persian tweet, supporting the protestors and admiring their courage.

Iranian university students purposefully avoid stepping on US and Israel flag out of respect.

Mohammad Mozafari (@mohmd_mozafari) Tweeted:
🔴Now Iran

The people do not disrespect the flag of USA and Israel. They say all over Iran: We are not the enemy of the USA and Israel. Our enemy is the people of the Islamic Republic of Iran.

#IranProtests
#IranProtests2020 https://t.co/usT41DaYtm https://twitter.com/mohmd_mozafari/status/1216303243829170178?s=20

Sums up the current situation in Iran pretty much!

8 Rockets hit US base in Iraq. No American troop casualties but some reports say 4 Iraqi soldiers were killed in the attack.

Trump also threatened China that if they continue buying oil from Iran the Chinese might face US sanctions as well!

#Gold - Megaphone pattern on its 5th wave (the strongest wave in megaphone pattern)

Ideal entry point: purple line (1552.11)
Target: Green line (1580)
Stoploss: Red Line (1538.17)

Don't forget to sign up for the bot (@Linorth_bot) to get my signals as soon as I post them. its well worth the sub price ($20)

I added 1 month to everyone who was already a member for the time I wasn't active so it wont count against their subscriptions.

Close to signing of the phase one of trade agreement between China and USA, America will remove China from the list of countries considered currency manipulators.

Seems like the US won't be lifting tariffs off of Chinese goods until they are sure the Chinese market will be open to the world and they will abide by the agreement. (then why should they sign it tomorrow?!)

Alright everyone, lets get ready for the new week.

Phase one of the trade deal between US and China got signed last week. potentially, this deal can increase the purchases of China from US in energy sector (oil and gas) and also provide legal grounds for US to stop china from buying Iranian oil (this will push the price of oil higher)

Also, over the weekend, there were violent protests all over middle east, specially in Lebanon
And the central government of Libya has decreased their oil production by %90 and the production in its biggest oil refinery (Al-Sharare) has been stopped by the protestors completely. (this will also push the price of oil higher)

WTI crude (USOIL) managed to hold above the 57 (my PRZ area was 57.90-58.30) and it has made a small jump from the topline of PRZ area, so I think the middle east tensions will at least help the correction to the upside climb above 60 again (and potentially till 63 or beyond depending on market reaction).

if the support holds here, oil will continue the uptrend for now. but still, the reason for the fall is the amount of ready supply for the market which made sellers confident in their shorts, but with the tensions raising again and the phase one deal which can potentially force China to stop buying Iranian crude (like India did) its likely for the oil market to stay bullish.

Also, The Feds continued buying treasury bonds last week (about 20 billion just last week) and they are likely to keep this rate till the end of February.
this will weaken the US Dollar and can push gold prices higher as well.

American banks are closed for MLK day, so be careful about your trading during this holiday.

Don't forget to sign up for my bot (@Linorth_bot) to get my signals. (its a paid service, $20/month)

Good luck out there

U.S. Secretary of State Mike Pompeo after berlin summit has said: progress had been made at a peace summit in Germany towards reaching a full-fledged ceasefire in Libya’s war.
He also told reporters he hoped Libyan oil facilities, blocked by factions loyal to commander Khalifa Haftar, will reopen as a result of the summit.