Alternative Path

[gdl]

BITCOIN has so many negative technical data points I am amazed it is still standing. I can only hope this will drop first. It doesn't even seem like it can hold up for the rest of the week. Watch all the big bad segments reflecting INFLATION. OIL, Dollar, Yields. This week we get a slew of data points on January economic activity. I expect it will be an eye opener and have all the disinflation camp packing up. PPI might actually be a big number.

A fast steep slide is ripe IF the complacency and assumption we are already in a BULL Market gets shaken up. I would be very surprised anything jars the market much higher this week. in fact the market is likely to slip/slide from here this whole week with a day or so of marginal gains.