Description
⋅ INDEX:BTCUSD
CBOT:ZW1!
The Bitcoin Wheat Ratio appears to be in a Hyperwave,
Assuming that I have drawn my Hyperwave correctly,
The phase 3 line has been broken.
A weekly close below this line suggests a test of the blue Phase 2 line.
A weekly close below the Blue Phase 2 line brings the ratio back to the green Phase 1 line.
Does this suggest a collapse of Bitcoin or runaway wheat prices.
I have seen credible people predicting $40 wheat........