Potential Bitcoin Double Bottom Price Target
Sideways-to-lower, even allowing for slightly higher this week, and BTC will generate a target of about 61K +/-.
PS: See 26 Feb posts on how to calculate cycle price projections.
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Wilshire 5000 Cycle Analysis - Part 3: 7-Year Cycle
The 7Y cycle is the 2nd most dominant on the weekly chart. It's been visible in the stock market for a long time.
It is expected to peak in early 2027, when the 3.5-year cycle is expected to trough. Notably, both cycles will decline simultaneously from 2028 toward their troughs in 2030.
VIX Backwardation - Another View
VIX Weekly Chart Cycle Composite
5 dominant cycle detected on the weekly chart point higher into the Fall of 2026.
Posted at X- I have discussed so many POINTS HERE- so read 3-4 times....
Many times when market is interested in certain stock, price moves first and news comes later.
Eg. When I posted about Jalpaki manf by Krishna Def, one reader questioned, we don't know what is the order worth is? And he took it as a negative, but what he missed is looking at the price.
ગુજરાતીમાં પ્રચલિત કહેવત છે શેરબજારની-
"ભાવ ભગવાન છે."
Now if u don't know this aspect of market, u are definitely going to make mistake of taking positive as negative....
PTC Ind Ltd, also same thing happened. Price went up first, news and performance came later.....
Read the context of this whole post.....don't happen in all stocks.....but as I said at top, where market is interested....and when I say where market is interested, understand whatever you want to.....
Bottomline- If you keep looking at 2+2= 4, you are sure to make mistake.
If you don't watch the price and keep looking at negatives, which are Negative, according to you, but
China and Russia are providing enormous support to Iran and far more than is readily understood.
Will explain in tomorrow's zoom call
Unemployment rate still on the rise it seems. Going from 4.3% to 4.4%.
Now we have $OIL taking off which if it sustains prices up here will probably drive up inflation higher. This once again puts the fed in another sticky spot where if inflation is back up they don't want to cut rates but if unemployment keeps getting worse they'll need to.
This kind of makes me continue to want to hedge and not be too aggressive but also don't want to be overly bearish because of how overcrowded that trade is becoming. Still sticking with more value/defensive plays seems to be the move while having some exposure to some growth stocks/energy stocks/crypto plays just in case we do get a lot more upside sooner than people are thinking.
OVX has now spiked to over 103 😱
I have sold my WTI futures down to the bear minimum
US Dollar Index (DXY) - Bullish & Bearish EW counts
As I mentioned earlier, it is prudent to be aware of the bearish red count below. Both counts should targets the same range, about $101.
I'm also going to take a speculative GME position next week during the crisis alongside the XME names within the portfolio.
I've got a sneaky suspicion that the coming crisis will reignite the kind of euphoric rebellion against the system that fueled the last 'sneeze' on GME in 2021.
It will be a small position because it is a speculative play. But it could really pay off potentially if I'm right. Having said it's "speculative" is actually kind of silly from a fundamental perspective. I done a fair bit of research on GME 6 months back and their fundamentals are phenomenal. So I think it could be a great long term play anyway.
Shorting VOLX and UVXY
Closing remaining Waaree trades (both the put ratio and the strangles).
Setting up a stream to go... we'll look to add some content starting Monday. As you know, things are a little in flux right now, but we're going to focus on INVESTING and equity moves.
I was on Josh Brown today... that's what ate up my morning. I'll send over the video this evening. Thanks all.
Howdy! I'm known as bitsofwealth or "bits" for short and I'm excited to be joining this great community here on Slice. Its actually a bit intimidating joining the legends that are already building and sharing here - but I know that it will only help me grow and improve myself in the process.
I am primarily a crypto focused analyst and trader, but I do also dabble in the US stock market.
I come from a process engineering background and began to study the financial markets around 2014, when I discovered FOREX and options trading. I purchased my first BTC in early summer of 2017 and became absolutely hooked on crypto and trading.
I am very passionate about personal development and continued learning. I live by the "learn, do, teach" framework, as it helped me excel in my professional career and now as an analyst and trader ("kid analyst" and "pajama trader", of course).
I love to live stream market review sessions and take live chart requests or questions. Looking forward to doing quite a bit
USDMXN ABC is suggesting that dollar weakness is coming, which would be good news on the war front most likely. Not going to do anything with this trade. Happy with the entry
