ChrisC – Page 159 – Spiral Calendar

Bitcoin Update

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Bitcoin reversed right on the upper, daily Keltner channel level on Tuesday. The expired 9372 net line level is providing some support over the past 24 hours. click chart to enlarge

The weekly chart shows last week's reversal coming in right under the net line resistance level. Spiral Calendar analysis inside.

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Craziness

I've never seen S&P breadth oscillator extremes so proximate.

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Weekly Update

Charts and video discussions inside.

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Upcoming Spiral Calendar for Bitcoin

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Daily candle chart shows bitcoin running into resistance beneath the upper Keltner channel lelve. New line support comes in at 9342

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Weekly Net Line resistance is at 11,849. Upcoming Spiral Calendar relationships inside for subscribers.

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Signals

There were a few signal indications given on the candle-stick charts today.

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Gold pierced its Net Line and generated a Range Bust Reversal bar (red and white). The cycle-trap likely turns higher tomorrow putting gold on a buy signal. (3 indications within a span of 4 bars) more inside.

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Digesting

Financial markets need time to digest last week.

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Weekly Update

Stocks, bonds, and metals declining together. What's that mean? | The financial markets have been adrift from cycles for some years now. This week may be the sound of the cyclical forces coming back into control. I'm going to make a long-wave argument for markets based on Spiral Calendar and eclipse cycles in future updates. But I want to spell out the bottom line here.... (more inside).