Bitcoin appears to be collapsing. The weeklies look like chit.
Message 34711631
A while back we discussed the dollar. I had it as up, you as down I recall. I still have it as up, not only up, but big up over the next 4 to 7 years. Slow mover it is. Someone, bless his good soul, recently said you had a dollar top in '27, or so. Is that so? I do not remember you saying that, more the opposite.
Talk to the hand sun. Lot of money riding on all of this, if we get our rotations correct. Lots and lots. Think a bit longer term.
Lots of bullish crypto/riot counts recently on other boards. Millenials and other recent generations like the crypto, are they about to learn a lesson? Or will Tweets have to buy some Riot?
Tweets
My next LT cycle low is early 2028, post a huge general market top. And possible a sea change in money rotation to crypto, gold, and silver.
I have shown this chart before. Riot is a marker for me, getting dubious here. It can still arrest and BO, but it looks doubtful at the moment. My next LT cycle low is early 2028, coincident with Bitcoin. When Riot did not break 20 area on last rebound it set off an alarm for wave reasons.
If it drops below 7.90 looks like a 5th and gut wrenching wave down into the cycle low. Otoh if it pulls it out and maybe breaks 15 or so, I may be a buyer.
Rsi pattern on weeklies currently bearish imo.
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