Saturday, January 3, 2015

BitCasino: Canary in the Coalmine

Currencies are getting destroyed against the dollar, in line with the deflationary hypothesis...

Bitcoin at a new cycle low



$USD: w/Prechter & Co latest EW labels
i.e. a 5 wave impulse now in the 3rd and largest wave:
Oil and commodities are already monkey hammered. 
If this accelerates, game over, man - currently back in 2005 on the way to the 1990s...


Chilean Peso


Brazilian Real



Polish Zloty



South African Rand



Norwegian Krone



Japanese Yen



EVERY currency is weakening against the dollar.

The noose is tightening.