Merriman Market Analyst

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[Merriman Market Analyst @mmacycles]

You are correct. It just keeps the bullish case alive if it doesn’t take out low of March 23. But it won’t confirm bullish case either. First needs to take out 7950 then 8400 area.

[🥳 @JZF8VgkjSs16004]

@mmacycles Sir, even if the primary cycle bottom is confirmed this week, if next week's rebound fails to break through 79, it still won't be enough to avert the danger of the long-term 50-week and 47-month cycles turning downward, will it?

[Merriman Market Analyst @mmacycles]

Bitcoin: in same position as Gold with half-primary cycle low due. Needs to hold support at 63-67K or else primary cycle turns bearish, probably into Aug-Nov, with target still to or below 30K

[Merriman Market Analyst @mmacycles]

Gold and Silver: this is a critical week for metals as Gold is in the time band for a half primary cycle low snd Moon is now in Capricorn and Aquarius while Sun is in Gemini (air-air). If the bullish case is still alive for this primary cycle, a low probably needs to be completed this week. Otherwise longer-term 50-week snd 47-month cycles is in danger of turning down and taking out the lows of 2026 so far.

[Merriman Market Analyst @mmacycles]

Although anything is possible, and any market could exhibit “blow off” rallies to new highs within a few weeks of the July 15-25 Jupiter convergence, I don’t put Bitcoin in that group presently.

[Bilo @polatbulent]

@mmacycles Does this mean crypto will have its blow off top also around mid July?

[Merriman Market Analyst @mmacycles]

Not at this time,Jason. We might consider an Asian-Pacific Rim markets letter once the current MMTA; class graduates. We have several exceptional students doing their research on these markets (including Hang Seng).

[Jason @Jason36885681]

@mmacycles Hi Ray, the Australian market is behaving very differently to US markets.

Have you attended to any analysis on the ASX in recent times?

[Merriman Market Analyst @mmacycles]

Well, for short- term, yes. Long-term still questionable. I still prefer to wait for 50-week and 47-month cycle lows in Gold due Aug-Dec with Jupiter in Leo for longer position trade. This trade might only be good for 1-3 weeks.

[Venus Rising Insights Astrology @briscoe_tracey]

@mmacycles So a good time to buy Gold before Jupiter in Leo.

[Merriman Market Analyst @mmacycles]

It means they are in a blowoff mode. Stocks are under Jupiter/Neptune “irrational exuberance” fumes of forthcoming Jupiter/Neptune trine around July 20. Most other markets followed the Sun/Uranus and Venus/Saturn (May 22-28) reversal themes. Even DJIA made a major cycle low May 20. But NAZ was all upside breakouts, also a Uranus characteristic in a Uranus market.

[Vajra Das @VajraDas8]

@mmacycles Hi Ray. What does it mean when markets, like equities this week, just blow through a 3-star CRD and then continue on like it's nothing?

[Merriman Market Analyst @mmacycles]

@AmberDawn_44 Oops, fat fingers. First ten days of June.

[Merriman Market Analyst @mmacycles]

@AmberDawn_44 Matches our lunar cycle studies very well thru first 20 days of June. Technical oscillators match up well too!

[Merriman Market Analyst @mmacycles]

One would think so.

[Mr. Lotter @m_lotter]

@mmacycles Thank you, but gold will silver outperform with jupiter in the sign leo after june

[Merriman Market Analyst @mmacycles]

That’s a good time target zone Helen for a rally to peak out in BTC for now.

[Helen @witch1822]

@mmacycles Hey Ray, based on your cycle analysis, BTC still has one more rebound left before entering the bottom zone, correct? Roughly when would that bounce be expected—shouldn't it rally around the June 10 Jupiter–Venus conjunction? Thanks!

[Merriman Market Analyst @mmacycles]

In reply to Silver question: selling before new moon June 15 is possible as this will be an air-air new moon, and air-air can be dangerous for Silver.

Sun is in Gemini (air sign) now, and there will be three (sometimes 4) lunar air signs when Sun is in air. At least one of them usually has a very strong sell off. Aquarius moon air) come up later half of this week, so we need to be cautious even then, especially if Silver can’t get above 79.50 first.

But new moon in Gemini would be my choice to be most cautious this time.

[🥳 @JZF8VgkjSs16004]

@mmacycles Sir, silver has been bought at the low point. Does this wave of rise need to be sold before the new moon on June 15?

[Merriman Market Analyst @mmacycles]

Yes.

[wim @wim9999999]

@mmacycles Hi, Ray so bottom in for gold and Silver now?

[Merriman Market Analyst @mmacycles]

I have no bias for stocks at the moment. Only interested in markets that make weekly lows here. Even better if multi week lows . Grains and metals fit well today.

[Merriman Market Analyst @mmacycles]

Venus square Saturn now in effect. Our rule is to buy any market that’s dropping into this time band. That would include soy beans, wheat, gold and even BTC btw now and Monday.

[Merriman Market Analyst @mmacycles]

@tom_sarega There is one, Sam. The length of the rally off the low of 60K is unusual for a bear market.

[Merriman Market Analyst @mmacycles]

BTC reply to Poplyn: maybe 1/2 PB is in if next rally exceeds 82K. If not, can still happen in next lunar stage for a low when in Cancer/Sagittarius in about 3-4 weeks. That’s still I. Time for 13-21 week time band for low.

[poplyn @poppy_li91387]

@mmacycles Ray, Do you think BTC has finished its half-primary cycle low? It seems that. Can't believe it only decline for less than two week.😨

[Merriman Market Analyst @mmacycles]

@JZF8VgkjSs16004 No

[Merriman Market Analyst @mmacycles]

Oops, forgot to add in Gemini. First Sun/Uranus conjunction in Gemini in about 84 years. My mind is racing to get ready for Lake Bled

[Merriman Market Analyst @mmacycles]

Gold and Silver: First off, I think this will be a crazy and wild week, into early next week ad we enter the first Sun/Uranus conjunction in about 84 years.

Second, we start with the wild and crazy Moon in Gemini this week: start low, rally, then fall back again).

Third, Gold took out major cycle low of May 1 in the pre-market this morning and Silver did not, for a possible case of intermarket bullish divergence, so it could be a half- primary low already for Gold, which would be bullish. However, I still prefer to see that happen closer to Sun- Uranus, late this week early next week.

Which sets us up nicely for our analysis and creating strategies of metals at this week’s MMA Investment and Trading Retreat, starting this Thursday-Sunday, May 20-24. Going to be great!

[Merriman Market Analyst @mmacycles]

Reply to Helen BTC question: Won’t break 82K on upside until half- primary low is in.

And even then it may not break above until full primary cycle low is in (if left translation pattern is to form) which is still projected for October +/- 1 month and could be as low as 30K if 82K resistance not taken out first and 60K is violated.

My bias is that we going to form a bearish left translation primary cycle because I think the 15-month. 24-month, and 4-year cycle lows are still ahead and there is still to come a report of a major corruption, theft, manipulation, or mismanagement scandal of a large crypto exchange or related company.

It always seems to happen at the end of a 4-year cycle.

[Helen @witch1822]

@mmacycles @rvm3rvm3 So, BTC won't break $82.8K on the downside until the cycle bottom this cycle, right?