I published a while ago that I expected the US dollar to top out in the 114 area. We've now hit that as expected, and we're quite possibly on the start of a reversal. I expect all major indices to start a bullish reversal as well as many other Forex pairs like EUR and GBP which have already had a very strong downtrend which I believe to be over.
It's been a while since I projected this move, and I think it's time for the US Dollar to take a break. At the same time I expect a major a recovery in most markets of the world, including the GBP and EUR.
I published a while ago that I thought we'd already topped. Due to developments in price, I now believe we still have a few legs up the coming months up towards the 114 area.
From 2008 till today, the Euro has been in a steady downward spiral. It's been 14 years of this, but I believe this trend is close to an end. This idea coincides with my DXY major top outlook which I published a while ago. This doesn't necessarily mean Europe is entering a bull market (although it's possible) but it does mean that the US Dollar has probably peaked...
I believe a cycle top is close. The macro structure suggests a macro top from the bullish cycle started in 2008. It's difficult to really know for sure where that correction is likely to end.
As per my previous HEW count of ETH, here I bring you my updated count of the Bitcoin structure since inception. I think we're seeing the very first cycle correction since birth, but given confluences between ETH's structure and Bitcoin's, I believe it won't be able to crack the 2020 covid low. After the correction is over, which frankly could take years, the sky...
This is my complete HEW count of the wave structure of $ETH from inception back in 2015. I expect a sub $500 ETH before July 2023.