Cycles are a tool and should not be used to the exclusion of other tools. There is always the possibility (high probability long term) that the data will be misinterpreted or a relevant fact over looked. So use cycles to check your analysis, not as the only reason to make a decision. Interpretation is the opinion of the author and may be incorrect and should be viewed in that light.
Saturday, September 8, 2018
Sept 10, 2018 weekly outlook
Venezuela is a basket case. South Africa in a recession. Turkey and Argentina in bad shape. Sanctions on Iran, NOKO and Russia.. Brazil starting to look weak. I told you possible weakness by mid September and I may have been too conservative. Indonesia has currency issues. EM contagion is spreading.
Would you kindly provide an updated BTC cycles chart? It seems likely for a new lower low to be hit at around $5k or so. IF this occurs, would the cycle reset still be at end of June? Thanks!
I've felt that the 60 day cycle has been spot on since January. The DCL's are almost precision hits for Feb, April and late June. The next DCL should arrive in a couple weeks or so. So, it might seem that the 5 week in your chart could be the dominant cycle.
Would you kindly provide an updated BTC cycles chart? It seems likely for a new lower low to be hit at around $5k or so. IF this occurs, would the cycle reset still be at end of June? Thanks!
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ReplyDeleteI've felt that the 60 day cycle has been spot on since January. The DCL's are almost precision hits for Feb, April and late June. The next DCL should arrive in a couple weeks or so. So, it might seem that the 5 week in your chart could be the dominant cycle.
DeleteThoughts? Thx!
The 5 week cycle should provide the near term bottom
ReplyDeleteBitcoin fell as much as 3.7 percent early Monday and traded at $6,267.81 as of 8.40am. in Tokyo.
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