Bitcoin Low w/Dollar & Interest Rate Peak? Watch Sept 19 – 23 for Shift!
09/08/22 The Bridge – Crypto Currency War: Divergence – “September 2022 could time a critical shift in the overall ‘Currency War Cycle’… One important factor, that could help trigger an intermediate shift, involves the US Dollar Index. It signaled a multi-year bottom in 1Q ‘21 and has been on track to surge above 110.0/DX ever since. It just reached that upside target…
At the same time the Dollar is reaching a major upside target and interest rates are warning of an impending peak (or at least a peak in related bearish sentiment), Bitcoin is fulfilling its downside objectives and has entered the month that has been projected (since Nov ‘21) for its final low – September 2022!
That’s quite a coincidence!
And, Ethereum has traced out a textbook bottoming sequence since its June 20, ‘22 low.”
Bitcoin, in Nov ’21, fulfilled projections for a 5th of 5th wave peak in sync with a ~4-Year low (2009) – high (Nov/Dec ’13) – high (Nov/Dec ’17) – high (Nov/Dec ’21 Major Top) Cycle Progression. That also fulfilled the multi-year outlook for a major advance into 2021 when Currency War Cycles culminated and when the US Dollar would begin to rally and suppress the Crypto market.
Since then, Bitcoin has been projected to plunge into Sept ’22 – when monthly cycles project the next major low. Weekly cycles corroborate that and project a multi-month bottom by Sept 23. The US Dollar could set an initial (1 – 2 month) peak in Sept ’22… while Bonds could set a 1 – 2 month bottom (peak in interest rates).
What does this mean for the future of cryptos?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.