Bitcoin (BTCUSD) - 21st March 2025 | @ 734 Hours (~ 31 Days) | + 9.09%
Last trade: + 9.09% | 'C' class signal detected in Bitcoin (BTC/USD). Running at an average wavelength of 734 hours (~ 31 days) over 7 iterations since August 25th, 2024. Currently peaking
ΣL Cycle Summary
Although somewhat early with this update on the excellent 30 day cycle feature in Bitcoin, it is worth noting the peaking phase of this component, in isolation, prior to the weekend. As we mentioned in the previous report, the medium term cycle battle between two features (~ 60 & 80 day wavelengths) continues and the fairly asinine leg up from this smaller feature is perhaps indicative of a further decline. Taken in isolation the phase of this component is near to the peak, with perhaps a couple of days either side to contend with as a margin of error. Due to the recent good stationarity of this cycle (indeed that is why we feature it on Sigma-L), it should be noted!
Trade Update
Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous report for this instrument, linked below.
Type: Buy - Bitcoin 10th March 2025
Entry: 10th March 2025 @ 78544.71
Exit: 21st March 2025 @ 85685.81
Gain: 9.09%