BTC: Musk’s Plus One

See if you can spot the point at which TSLA disclosed its purchase of $1.5 billion in BTC.

Yes, in a world where seemingly everything is making new highs, BTC joins the party – courtesy of Elon Musk.

continued for membersThis puts BTC back above its recent highs, its blue 2.24 Fib and puts it on pace to reach its blue 2.618 at 46,433. It also busts the cycle that has been in place since Dec 2017.

ES is ramping higher, of course, with under 100 points to go until its 3.618……as SPX is about 70 points short of its… …thanks to VIX breaking down……CL testing overhead resistance…

…and the 10Y pushing boundaries.  Elsewhere, RSP tested its old highs on Friday…

…XLF is threatening new highs… …and even copper is threatening a breakout. On the currency front, USDJPY has finally pushed NKD to its 1.618 a point at which we would expect at least a pause if not a pullback… …as long as USDJPY doesn’t break out.EURUSD and DXY are still on track to backtest. More later…