All eyes have been on Bitcoin BTC and other crypto currencies recently. After reaching a peak near $20000 BTC is now down to $8000. So what’s next? Here is what I wrote about bitcoin last August: A sustained breakout above $4000 that quickly heads for $5000+ would start a parabolic move like in 2013. And… Continue reading The bitcoin crash
Tag: crash
LT wave for August
US markets have reached new record highs. Hurray! Or, last hurray?? S&P 500 and Nasdaq have done exactly what I expected to happen per my recent posts: Ready for 2500 and Show Time. The S&P 500 is stalling just below 2500, and Nasdaq has climbed to 6400 but seems to encounter air pockets up there.… Continue reading LT wave for August
Washout time
We got the first failed lunar period of the year and the market promptly followed through on the downside. I have been warning for it. Last month I wrote: “…we keep waiting for the first lunar cycle miss of the year. When it comes it will give us an important read on the market, as… Continue reading Washout time
The long term crash cycle
In a previous article I pointed out the possible existence of a 4666 day (= 666 weeks) and a 88.37 year cycle in the market. Of course, with only 200 years of observed stock market history we have little proof for it. One reader asked whether there are even longer cycles we could possibly consider.… Continue reading The long term crash cycle
LunaticTrader 