Using the measurement from Oct 2020 - March 2021 4 Year Cycle point, seeing that on the weekly a beautiful Cup and Handle is forming and scaling out to a month, and using that measurement from the CnH to scale it with the Month/3 Month Ascending Channel.. You got potential for some BIG moves! Not to mention we are at another 4 Year cycle point. GL;HF!
BTC seems to be forming a long legged doji for the monthly with price failing to get above 50SMA, MACD failing to reverse course upward, & RSI with room to move downward still. Still got 4 days to go, but we shall see how it closes. 20k & below in the works if this plays out. DXY playing off it's Falling Wedge could take it to 106-109 easily, which in turn would...
As we are enter a recession and companies lose pricing power, lay off workers, and the FED continues battle inflation.. There's massive downside risk associated with risk on assets. As you can see in the SPX chart there's a clear Broadening Descending Wedge pattern playing out (though bullish) with one more leg down to come on the weekly chart and Rising Wedge on...
