In my 10/12/24 blogpost, I mentioned that "BItcoin made an 10/10 Apex CIT bottom at 58,864"
It has since rallied > 21,000+ points to fresh All time Highs, touching 80,000 in Globex tonight,
So what's Next for Bitcoin? The weekly Bitcoin Log chart suggests we are right at pink channel resistance, suggesting a pullback is likely, but all trends are Up.
SPX Forecast 2 from 10/23/24 Email: "We should see a final decline into 11/4-5 major T&C (Time and Cycle) Cluster Low (#2 on chart), including 11/4-5 triple Geo and Apex CIT (see chart) and the 208 week cycle of Lows (last 4 were Lows)"
Actual: We made an 10/14-17 SPX double Top (#1), declined into 11/4/24 major swing Low (#2) and have seen a rare 4 consecutive Gap and Go SU Days into 11/8H (#3 on chart) at the 11/7 Solar and 11/8 Apex CIT, suggesting a 11/8-11H being made.
What's next for SPX?: We could see a spillover High Monday 11/11, but we are looking for atleast a short term 11/8-11H, decline, but another rally is due into a more important long term Geometric time CIT (the last one was the 10/14-17H) later this month that will be a major swing High.
Disclaimer
The contents of this article are for general information and educational
purposes only and should not be construed as investment advice or
strategy. Past performance is no guarantee of future results. Trading in
Stocks, Options and Futures involve risks. Trade at your own risk.
No comments:
Post a Comment