Bitcoin (BTCUSD) - 30th January 2025 | @ 734 Hours (~ 30 Days) | - 8.82%
Last trade: - 8.82% | 'C' class signal detected in Bitcoin (BTC/USD). Running at an average wavelength of 734 hours (~ 30 days) over 8 iterations since June 2024. Currently troughing
ΣL Cycle Summary
As we mentioned in our last report, if this iteration formed a more upward, bullish shape we can likely interpret there are larger cycles still pushing up at this stage.
A further consolidation or even slight upward move to the next trough at the end of January would be highly bullish and indicative of a larger cycle’s influence.
In the last couple of iterations there has been some increased volatility within the cycle, caused in the main by a higher frequency component running at around 300 hours average wavelength. This is shown clearly below in our high pass filter where increased amplitude at this shorter wavelength manifests as larger undulations within the containing cycle (at ~ 700 hours). It is worth noting that the component at 300 hours is currently almost totally out of phase (180 degrees, pi radians) with the larger wave. It is phased as peaking at the time of writing so could still cause some confusion, especially if power (price influence) is retained. We have downgraded the larger cycle signal here to a ‘C’ category because of this modulation although it is still, due to historical stationarity, an excellent cycle to track and due to trough at the time of writing. Mid-late February appears to be the next peaking zone for this wave, according to the phasing analysis presented below.
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 Sell - Bitcoin 14th January 2025
Entry: 14th January 2025 @ 96534.96
Exit: 30th January 2025 @ 105048.77
Gain: -8.82%