"It was interesting how when Bitcoin was correcting recently and Bitcoin Cash was skyrocketing rumors, news and events were being conjured to justify the forecast. I'd be keen to see if the phasic cycle progresses, what news, rumor or events might be put forth to justify the forecast."
I'm interested in this. It sounds to me like you consider cause-effect to be reversed - aka, some sort of trading rationalization - when people try to invent reasons-news so that the events conserve their sense..if that is true, then you seem to say that the TRUE reason is simply that the chart must manifest in the way it must so things will line up for this to happen - the news are true, but also are inevitable and it's just a play on the faith to conceal its true irreversible direction.
I mean this is a fascinating idea, though it implies that noone can move the market and our actions have no effect on anything, we can only win bgy going with the pre-defined chart or lose by going against it [ so those who can "peek" into the chart will win while the others will lose...or if you get lucky ].
This is such a mental idea but also pretty cool.
Curious if you can expand on this point.
Thanks!
This could perhaps add to my rationale:
https://www.elliottwave.com/Interest-Rates/Look-Whos-Leading-the-Way-on-Interest-Rates-Its-NOT-the-Fed