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.

UPDATE Bitcoin chart:

GL Traders


  1. 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!

  2. Replies
    1. 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.

      Thoughts? Thx!

  3. The 5 week cycle should provide the near term bottom

  4. Bitcoin fell as much as 3.7 percent early Monday and traded at $6,267.81 as of 8.40am. in Tokyo.