Posted first at Capitalstool
Buttcoin (BTC) blew a gasket. New 4 month cycle projection 47,000. Low of that cycle due now. 18 month cycle projection drops from 97,000 to 73,000. Might come down to level already hit, indicating major top. Trend support 52-53k over the next week. If broken, 47k would be a piece of cake.
Once again, the 10 year yield is moving in tandem with BTC. Crushed. Do I think this Treasury buying panic is another selling opportunity? Yes. Yes I do.
But first, another date with 1.40.
Finally, the Gyro, aka the EUR/USD.
Bouncing off support around 1.115. 1 year cycle projection now a range of 1.0950-1.11. They should pussyfoot into an intermediate low around here.
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