Bitcoin approaches a 20 week nominal peak, a crucial point for the longer term phasing as it enters a fascinating 6 months ahead. We look at the long, medium and short term price action in this report
Very kind of you to say Cjin! It is a fairly complex subject although I hope with a little application most can get the general idea. We are growing in a gradual fashion and I love the interactions like this, if I can help even one or two that is great. Please spread the word if you can.
The bitcoin low on 10th March is pretty central between the 18M and likely 40W trough. It also fits well into Bitcoins traditional 20W cycle length of 116 days.
If this was the 20W low then we've already experienced a bullish move out of that trough. Just wondering why you've discarded this as a possible scenario?
Hey Terry, the time frequency analysis holds no evidence for a component at 116 days, I prefer to take an unbiased approach and present what periodic components are actually present in most cases. There is a component around 180 days that is supremely dominant. That said please do send me a chart with your phasing of the component at 116 days so I can take a look, ideally via DM on twitter. Aside from that the longer term phasing hasn't changed significantly for months.
Hi David. What is your thought on whether the 40wk nominal low came early and is now in? Thanks
Hi Richard, certainly within the buying zone of the fairly prominent component at around 180 days:
https://www.sigma-l.net/p/bitcoin-market-cycles-17th-april
Great work. This is beyond me ... so few subscribers with content of this quality.
Very kind of you to say Cjin! It is a fairly complex subject although I hope with a little application most can get the general idea. We are growing in a gradual fashion and I love the interactions like this, if I can help even one or two that is great. Please spread the word if you can.
Often copied, never bettered so far!
ps - additionally bitcoin also found support at the 20W FLD at this point too, adding to the argument
Yes, indeed it did, indicating a trough of 20 week magnitude formed on 10th March.
The bitcoin low on 10th March is pretty central between the 18M and likely 40W trough. It also fits well into Bitcoins traditional 20W cycle length of 116 days.
If this was the 20W low then we've already experienced a bullish move out of that trough. Just wondering why you've discarded this as a possible scenario?
Hey Terry, the time frequency analysis holds no evidence for a component at 116 days, I prefer to take an unbiased approach and present what periodic components are actually present in most cases. There is a component around 180 days that is supremely dominant. That said please do send me a chart with your phasing of the component at 116 days so I can take a look, ideally via DM on twitter. Aside from that the longer term phasing hasn't changed significantly for months.