checks2bits

checks2bits

It would be a horrible time to see a major pullback on the S&P500. Two Fib time extensions and two price extensions are having confluence near the End of 2nd qtr 2021 where the new short margin law goes into effect. How far can we pullback? The forward curve is in backwardation well into 2024! Can 40x Earnings multiples go back to 20x or even a respectable 10x...

checks2bits

I favor the green projection because $BTC already bounced up 15% from our backtest to 1/2 kilo of Gold. Hoping to hit 10 kilos in 1 year timeframe!

checks2bits Updated 

Pricing #BTC in Gold ounces shows a peak at 1 oz, then again near 1 lb, then again just before 2 lbs and backtest to 1 lb where we found support. If we break 2 lbs again any bets BTC next peaks somewhere around 3 lbs or 4 lbs? These could be strong psychological levels for those not pricing in USD fiat.