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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (20535)	6/14/2018 2:14:27 PM
From: John Pitera	4 Recommendations Read Replies (3) of 33421

Bitcoin -- The Real Crash is here Bitcoin and the cryptocurrency mania...... a new all time record for speculative mania.... and remember as we learned in the Great Financial Crisis of 2008- 2009..... All Asset classes are now correlated.... so this does not bode well for asset prices in general. Paul Tudor Jones made a gave a rare public interview at 8:10 AM Tuesday...... 50 minutes prior to DJT's historic summit with the North Korean leader. So here is BTC .. in process of breaking down from the Ultra Bearish Descending triangle. The real crash in the cryptocurrencies is descending on Planet Earth...... the This chart is the CME -- the global currency future headquaters and as the former head of the CME famously stated... the CME will bring order to the bucket shop sheenanigans of the innumerable cryptocurrencies "exchanges" Bitcoin topped on December 18th 2017 just as trading began on the Chicago Mercantile Exchange. the measured move objective of the price decline is $12,000 - $6400 = 5600 A breakdown from $6400 should have it decline $5600 gives us a *price target of $ 800* I know that sounds very low....... but that's what the math suggests.... and we have not broken $6400 yet...... however the descending triangle is one of the most reliable formations in TA. Here is the Bitcoin record Bubble run up before it was legitimately exchange traded........ and by that I mean the with the CME there is a seller matched off against a seller..... a structured market. Message 31372808 ------------------------------------------------------------------------------------------------ H1 had some nice Fractal / Gann / Sacred Geometry work on our famous Gann square of 9 SPX 2874 (2872.89 top.....) and the very notice the Last week of January was when the GFA proprietary model generated the global liquidity volatility expansion crossing of the SPX 14 week ATR cross the 200 week ATR of the EUR/JPY crossrate then as a ratio used versus the $WTIC I have written on our GFA proprietary ATR Big 4 Asset Volatility expansion model I will have to collate all of the articles from the past 18 months.... (JJP) my post Message 31573918 ---------------------------------------------------------------------------------------------------- and H1's additional validation of it being a key level siliconinvestor.com John

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