Well, some weeks ago, the Yen is what cooked the entire thing off and don’t you think its time we add a little gas to the fire or are things hot enough? Well … guess what, PATTERNS again appearing across the board w/ the probability bet being YEN STRENGTH and the last time that occurred, we all knew what happened….
A picture paints a thousand words.
IF they “work” THEN the YEN strengthens and there might be some funds trapped again?
IF they “fail” THEN the YEN weakens and the band plays on and, frankly, we could be going parabolically higher. Which if your long is a GREAT ride, I have done it once in my life w/ Bitcoin and it was so HARD to cut the position at the top …but I did and for maybe one day I was like ” I need to get back in” but then it thumped down hard and I took my money out of bitcoin … like to chart it, but not trading that these days. Anyway, we could be going higher and a lot longer than people might think. GREAT … BUT … when it does crack, and it will, it will be a reckoning. I’d much rather have a good ole pullback are couple ‘scary the sky is falling CNBC measured move to BUY’ so, guess we’ll just have to wait and see.
Here comes Mr Yen.
One last thing – the ONLY PATTERN which is not a PERFECT SELL is the USD vs JPY. Go figure … it’s still popping up into big resistance but all the other cross pairs – near perfect SELL PATTERNS. Probability says, they ‘should’ work …
Perhaps, hang on folks …
Bart
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