BTC has completed a swing low after a 52 day right translated cycle. It made a lower high and a lower low during this cycle so I think it may be in a triangle. This cycle may left translate soon. I am taking a small position in BTS (bitshares) and will exit at the first pop.
The current daily cycle is almost complete. It has failed and will likely be left translated.
I cannot tell if this is the end of the intermediate cycle or the first daily cycle in a new intermediate cycle. The Bitfinex price chart indicates the former since the green "ICL?" indicator was not a failed cycle. I am not sure if I can trust the pricing data in this...
My cycle counts come up different depending on which price feed I use, but generally the daily cycle length seems to be about 60 days. The chart shows BTC to be coming out of a half cycle low in the first daily cycle of a new intermediate cycle. It is possible that cryptos might be starting a new bear market, but for now the bull is intact as long as the price...
This is a simple idea. Semiconductors hit $1362 In March of 2000. Now 18 years later they are banging on this ceiling. I think when the break through they will explode to the upside.