ΣL Cycle Summary
The ~ 30 day cycle in Bitcoin continues unabated, likely putting in the cycle and price low around June 5th after a mild latest down leg. Although the move up has been quite strong thus far, in the recent two days we have seen a decent pullback suggesting some remaining bearish sentiment. We mentioned in the previous report of a possible ~ 3:1 harmonic ratio with the cycle around 80 days, implying this iteration of the 30 day may well be more bearish in it’s conclusion. With that in mind, this particular long should be treated with a great deal of caution, although technically it is a valid cycle low at this scale. We show both cycles below in the time frequency analysis.
Trade Update
Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous report for this instrument, linked below.
Type: Sell - Bitcoin 22nd May 2025
Entry: 22nd May 2025 @ 111722.53
Exit: 13th June 2025 @ 105304.56
Gain: 5.74%