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    Volatility Reports 4/16/21

    April 16, 2021

April 16, 2021

Volatility Reports 4/16/21

The topping of the cryptocurrency brand Bitcoin

The volatility background provides a setup for a 30% to an 80% fall in the next 30 to 45 days. The EWT count looks complete; furthermore, the long-term chart ran from 30k to 60k on panic buying as measured by our volatility model. The advance was all FOMC, which should be easy to flip without a logical base. The current L-T and I-T context call for breakouts or trend following signals to get carryover. Contrary Thinker’s bias is for BTC to signal lower prices. Hence trend following cross under, or breaks below the key level of 58,000 should get carry over. If so, the next stop is 45k, 39k, 33k, and 25k.

Contrary Thinker sees BTC as the front runner of the “risk taker’s” markets. So goes BTC, so goes the Dow Jones.

 

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