October 31 (Fri): [Harmonic] Nikkei 225 VS Bitcoin

【This Week's Market Focus Points】

Important developments are seen in this week's harmonic analysis.

Bitcoin shows both weekly and daily charts with 【Shark】↑ drawn, and especially on the daily chart the price has fallen below the 【B】 measurement, making the decline toward the 【PRZ】 plausible. This suggests the possibility of a medium- to long-term corrective phase.

On the other hand, the Nikkei 225, due to the 4-hour chart 【Shark】↑ exceeding 【B】 significantly, is deemed 【Not Valid】, indicating a continued strong trend. U.S. 10-year treasury yield is mainly expected to move downward toward the T/P-Zone of the weekly level 【Crab】⇩, but the 4-hour chart Deep Crab ↑ indicates a temporary upward adjustment possibility.

As a result, Bitcoin may rise in the short term, but overall it is viewed as biased to decline. The movement of Bitcoin, which often leads the four major U.S. indices, could influence the broader market going forward. For detailed analysis, please see the paid section.

➥The continuation is explained in detail in the members-only report.

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● Try analyzing daily charts using “A Deconstructive Book of Bollinger Bands”

https://www.gogojungle.co.jp/finance/navi/series/1613?via=articles_detail_aside

● Use the “Harmonic Prescription” to plot a Zone where the chart should stop — “the chart stops at the point where it should stop”Zone!https://www.gogojungle.co.jp/finance/navi/series/1668?via=articles_detail_aside

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