This chart is the next iteration with updated indicators and adjusted logcurve that accomodates recent btc top and tries to predict the bottom.
Current anticipated bottom between 25-22k with potential wicks lower.
We do have few x factors like substantial inflation which can produce extended sideway action before the final move.
Lets see what we get.
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We've wicked in to the 17ks that was our initial bottom prediction from BTC insight, BTC,FED,DXY,GOLD correlations . Lets see if it's enough or we will test a bit lower. For now things playing out very much as predicted .
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Two scenarios currently open - can fed softland us? and what does that mean - and if recession comes how does it look like? - check here:
and
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Currently btc is what fed does - which means that spx setups also apply for btc in the cycle scale. In bear markets risk on assets get less action than well established companies, defence companies atm and companies that have goverment contracts - also stocks that provide essentials.
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