Bitcoin (BTCUSD) - 22nd April 2025 | @ 767 Hours (~ 32 Days) | + 11.37%
Last trade: + 11.37% | 'B' class signal detected in Bitcoin (BTC/USD). Running at an average wavelength of 767 hours (~ 32 days) over 7 iterations since November 2024. Currently peaking.
ΣL Cycle Summary
Once again this metronomic feature in Bitcoin provided a good signal for upside price action from early April. Continuing to be well isolated in the frequency domain this cycle is useful in itself as we patiently await clarity at the longer wavelengths (notably 60/80 days, shown below) to exhibit better stationarity. Whilst the component around 60 days is currently phased as hard down, price has held up quite well, suggesting the more consistent 80 day feature is more powerful (late up). That said, we have a confusing picture, objectively, from the time frequency analysis around that bandwidth. Therefore it is likely wise to stick to the ~ 30 day component described here for short term trading purposes, a highly profitable cycle in itself and now approaching it’s next peak.
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: Early Buy - Bitcoin 17th April 2025
Entry: 17th April 2025 @ 79140.01
Exit: 22nd April 2025 @ 88140.29
Gain: 11.37%