WindexChugger

BTCUSD - Long term trend with mid term cycles

BITSTAMP:BTCUSD   Bitcoin
15
BTCUSD prices have been following a downward trend on a log scale since December. During this time, price has followed a mid-term cyclic trend. The time between these cycles have been increasing, although I would be surprised if the cyclic trend closely followed what I've written.

I expect BTCUSD prices to follow this trend until it can remain well above the trend for several days. When this trend breaks, I expect a new, long-term upward trend to appear
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.