IF we are just finishing up wave 3 of 5 from 10/27 we should have a clear timeline for the final 5th wave. Fist off this move is day 3 and in the recent past we ONLY had a 4 day drop as the corrective wave. That places MONDAY as the final low and a 2-to-2.5-month drive for final 5th wave.
IF MONDAY is the low 3/18 to 5/18 should easily be seen as the 5th wave up. I suspect another 2 weeks after that seals the fate. 6/1 onward should start the drop.
That implies the next 2 months should show heightened inflation without overt spikes. For my money ONLY inflation should cause the next dramatic drop. Disinflation created the last 40-year bubble as we are addicted to its process. If you want to know why I see a bubble here it is in the universal understanding that disinflation is here to stay and so is accumulated debt and easy borrowing. Like knowing a Pandemic is here and assuming it doesn't affect the USA. OR that HITLER can supply his country with much needed pride and wealth with a universal dismissal of any bad results from his policies. OR the new paradigm coined by economists in the late 1920's declaring the economic engine is in perfect working order. OR that Trump and the GOP has any lasting effect on profits by their policy making.
Like the TULIP MANIA era we accepted the scenario as plausible and cheered the market on. Bitcoin has no intrinsic value, no failsafe backing, only a promise to make you rich beyond your means. Ask anyone what exactly Bitcoin is and why it should replace government currencies and you get mumbo jumbo answers.
IF my scenario does finally come true, and for the record it has not, we should see a breakdown in early to mid-June and by July the real drop starts.
