ΣL Bitcoin Composite - 26th January 2024 | @ 87 Days | + 8.06%
Last trade: + 8.06% | 'B' class signal detected in Sigma-L Bitcoin Composite (BTC vs USD/EUR/GBP). Average wavelength of 87 days over 11 iterations since April 2021. Currently hard down
ΣL Cycle Summary
This component has likely peaked within the last couple of weeks as we catch it’s phase in the hard down status. There is a longer wave which has also peaked mid-late December, around the 170 day wavelength mark and which we retired last year due to a lack of amplitude. This longer signal will be evaluated again in full around it’s next trough (mid February - early March) but we have included a time frequency analysis of it below for subscribers. The shorter wave detailed here has it’s next low due mid-late February, this will likely co-incide with the 170 day wave trough, forming a phase cluster, or, as Hurst may have simply indicated, a synchronised trough. Amongst the composite, which has very minimal variance over major currencies, BTCEUR outperformed.
Trade Update
See also: Live ΣL Portfolio & History
Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous post for this instrument, linked below.
Type: Early Buy - ΣL Bitcoin Composite 27th November 2023
Entry: 27th November, 2023
Exit: 26th January, 2024
For a composite analysis, each constituent’s respective gain over the period is displayed, in descending order. The average of the constituent gain is also shown.
Constituent Gain:
BTCEUR (9.09%)
BTCUSD (7.87%)
BTCGBP (7.21%)
Composite Average Gain:
8.06%
Current Signal Status
Defining characteristics of the component detected over the sample period.
Detected Signal Class: B - learn more
Average Wavelength: 86.76 Days
Completed Iterations: 11