user100000
Long

Bitcoin cycle duration

BITSTAMP:BTCUSD   Bitcoin / Dollar
I calculated BTC             has a 12.2 week +- 2.5 cycle duration (low to low). It is week 10 since the last cycle low. We have a couple of weeks to make a high (408?) and set a cycle low.
please note: the cycle average has to be continually updated whenever a new cycle low presents itself. it is 12.2 week cycle now, but it will fluctuate over time and should always be updated just like moving averages
Reply
today may be a cycle low. week 10. it is within the +-2.5 window of 12.2 week cycle
ew analysis and cycles really work well together. cycle low + b wave retracement
Reply
user100000 user100000
on second thought, i will "save" the cycle low label for wave (2)... this drop isn't horrific enough to deserve a cycle low label and doesn't stand out on the weekly chart. we have a another 4.7 weeks max to make a high (387) and drop violently (wave (2))
Reply
Forgive me. I don't understand how a high of 408 is a cycle "low". Can you please explain?
Reply
user100000 rivet.popper
I meant we have a couple of weeks to make a high (408) and later drop down for the cycle low all within a couple of weeks
Reply
julia17 user100000
where do you expect low after movement to 408?
-2 Reply
user100000 julia17
"where do you expect low after movement to 408?"

the retracement could be shallow or deep; more likely deep especially after a diagonal. it could "crash" to 210 (wave 4); that is the worst case. it may also be shallow such as retracing 38.2%. too early to tell
Reply
user100000 user100000
you can use cycles to time your trade. buy or add to your position on the coming cycle low. and don't forget about the +-2.5 week window
Reply
rivet.popper user100000
So we are going to 408 in about 2 weeks and then down to around 210? What happened to the sustained wave up after the 408 high?
+1 Reply
user100000 rivet.popper
nothing has changed. after the correction of the diagonal wave (3) should kick in; that is your high energy wave. i remember you asked how long will the correction last. i replied approx 1/3 of the time it took to form the diagonal
+1 Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out