Bitcoin update. Notice the structural similarity between this and the Dollar Index (Previous post). As Bitcoin declined from a high formed at the juncture of two nodes, so we might expect the Dollar to do the same. Bitcoin is recovering nicely, the Dollar probably won't.

Notice the results from two different studies, the recent spike in Bitcoin prices correspond to a .75 and .125 (1/8th) nodes. For the unintiated, nodes come as factors of '2' of two series, 1.5, .75, .375, etc. being one series and 2, 1, .5, .25, .125. etc., being the other.