Menu Close

BTC Gives Up the Ghost While Bond Yields Ready for Boing

First posted at Capitalstool. Join the fun. 

The BTC boys have given up the ghost today. The ghost of a rally that is. They couldn’t even get back to trend resistance at 22,000, let along clear it. Now they’re threatening to break that critical sport level at 19k. But the big one is 17,600. If that gives way, Crash City, Babeeeeee!


We’re now looking at a one year cycle projection of 9-12k.


And the immutable long term conventional measured move target of 5000 below zero.


Looking at bond yields, the 10 year has a projection of 3.26 on the hourly chart. For more on the big picture, see Recession? What Recession?


Join the conversation and have a little fun at If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.

This site uses Akismet to reduce spam. Learn how your comment data is processed.