BREAKOUT COMING!After falling for a bit, it hit privious major highs. broke out of the channel and headed all the way up. Along with it mabe 5 years free of tradingview and/or a comfy chair ;)
5year
Zoom outThis is just one of the possible scenarios, no1 is sure what will happen, so keep that in mind.
Recently we had a parabolic advancement, they usually retrace more than 80 proc in any markets. There is an unfilled gap at spike from 4 - 4.7k, having is coming in April, 86 proc BTC already mined. Whales need to accumulate as many BTC as possible from retailers, easiest way is to induce market capitulation. Keep in mind that derivatives market (futures, perpetual contracts..) is 18x bigger than spot market and has a huge impact.
FVX 5 Year Treasury Yield: Longer Term Outlook for RatesFVX Longer Term Outlook for Rates
Since Yellen retired in February FVX has risen to test the the junction of the upper parallel at the same point in time as it hit the fixed resistance line at 29.83. Since then it's been consolidating inside a slowly forming pennant formation with a spike down to the 25.46 line almost exactly before it pushed higher again.
Though it's likely to spend some more time messing inside the pennant, eventually the upper parallel is going to give way leading a spurt higher to 37.22 and then after consolidating some more should beat 37.22 and push higher to 52.39.
That's the most likely stopping point for interest rates from that point - until wage inflation pops even higher, forcing the Fed to follow long again on rates, whether the President approves or not.
