user100000

BTCUSD long term cycle

Long
BITSTAMP:BTCUSD   Bitcoin
I recently found a longer 42.5 week cycle taking place since 2011. I believe BTCUSD will touch 20K+ before the week of November 2 this year according to my previous work on the expanding diagonal (big pic). There are also two smaller cycles within which seem to alternate in magnitude: Purple/Green ... Green/Purple ... Purple/Green ... Green/Purple ... Purple/ GREEN!

As you can see a new cycle started on the week of January 12 this year. The next cycle low will be on the week of November 2
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.