Forecast From Monday 6/13 Update: "Short term, based on another cycle, that is in the markets, since the 1/04/22H, we see a 6/13-14L, bounce 1 day into 6/15H, then decline again into 6/17 lower Lows"
Actual: We saw a 6/14L, 1 day rally into 6/15H, before we declined again into 6/17L as expected.
What's next: The current active Master Cycle is a Fortune creating cycle when active. It is next looking for a 6/17 short term Low+/-1, we then rally into XXX short term High, then decline into lower Lows once again.
Meanwhile Bitcoin, the bubble leader, closed lower today. For now, it remains below its large Bear flag and first targets the 18,000 area, then 16600, 13800 and 11,000.
Technically a break below the 78.6% at 18,000 should lead to a test of the 3/2020 Lows at 3858.
All the crazy bubbles we have seen in the last years, will reverse back to “normal” in the coming years. The rule in a parabolic bubble advance is, it doesn't matter how fast it went Up in a parabolic Up move, once the bubble burst, it will come down twice as fast.
1 comment:
In 2017 crash it made a low at 80% retracement . So we can rebound again from 17-18k
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