Bitcoin Is Not Leading. It Is Catching Up.
The laggard rallies last. That is not the start of something. That is the end of something.
MarketMap™ · Thursday, August 20, 2026
The spin on social media ran right in line with the high call/put ratio favoring the call side, and it opened with this:
"The market's been saved. The U.S. Treasury just did something huge to save this rally. The S&P 500 climbed nearly half a percent, snapping a three day losing streak. The reason? Treasury doubled its long bond buyback program, and yields tumbled. Volatility eased too. The VIX fell over 6%, signaling calmer nerves on Wall Street."
That quote was the basis for the recommendation to go into gold mining shares in Australia, which is not a bad idea on its own merits.
MarketMap™ should have made it clearer earlier in the week that we are hunting asymmetrical opportunities, and we are approaching them in the near term. Our forecast called for a short term pivot low at the end of this week, that pivot leading into a consolidation, and that consolidation putting us on the right hand side of a high rate of change decline. That forecast still stands.
