ΣL Bitcoin Composite - 10th June 2024 | @ 84 Days | + 12.94%

Last trade: + 12.94% | 'B' class signal detected in Sigma-L Bitcoin Composite (BTC vs USD/EUR/GBP). Average wavelength of 84 days over 13 iterations since April 2021. Currently peaking

ΣL Cycle Summary

Some welcome clarity returned to this component as we moved higher through May after the larger underlying bullish trend pulled back into April, completing the most recent cycle trough of this wave. We have tentatively upgraded this signal to a ‘B’ class category, anticipating a period of stability which will be further enhanced if we move down to test and break the price trough of this wave, matching the amplitude we have seen in the up leg or perhaps exceeding it. As can be seen from the time frequency spectra below, the wave is now dominating the bandwidth below 100 days after being previously fairly hard to clarify in the period up to June 2023 from the sample. This was due to higher frequency components.

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: Early Buy - ΣL Bitcoin Composite - 19th April 2024
Entry: 19th April, 2024
Exit: 10th June, 2024

For a composite analysis, each constituent’s respective gain over the period is displayed, in descending order. The average of the constituent gain is also shown.

Constituent Gain:
BTCEUR (15.42%)
BTCGBP (14.09%)
BTCUSD (9.32%)

Composite Average Gain:
12.94%

Time Frequency Analysis

Time frequency charts (learn more) below will typically show the cycle of interest against price, the bandpass output alone and the bandwidth of the component in the time frequency heatmap, framed in white. If a second chart is displayed it will usually show high-passed price with the extracted signal overlaid for visual clarity.

Before and After

Signal comparison between our last report and the current time, in chart format.

Current Signal Detail & Targets

Here we give more detail on the signal relative to speculative price, given the detected attributes of the component. In most cases the time target to hold a trade for is more important, given we focus on cycles in financial markets. Forthcoming trough and peak ranges are based upon the frequency modulation in the sample (learn more).

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Detected Signal Class: B - learn more
Average Wavelength: 83.87 Days
Completed Iterations: 13

Phase: Peaking / Peaked
FM: +- 8 Days
Next Trough Range: 14th July - 3rd August, 2024
Next Peak Range: 25th August - 14th September, 2024

Sigma-L Recommendation: Sell
Time Target: ~ 24th July, 2024

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Current Signal Phase

This is ‘how far along’ the cycle is in it’s period at now time and is related to the predicted price action direction.

Current Signal Frequency Modulation (FM)

This is how much, on average, the signal detected varies in frequency (or wavelength) over the whole sample. A lower variance is better and implies better profitability for the component. Frequency usually modulates relatively slowly and over several iterations.

Current Signal Amplitude Modulation (AM)

This is how much the component gains or loses power (price influence) across the sample, on average. Amplitude modulation can happen quite quickly and certainly is more evident than frequency modulation in financial markets. The more stable the modulation the better.

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DISCLAIMER: This website/newsletter and the charts/projections contained within it are intended for educational purposes only. Results and projections are hypothetical. We accept no liability for any losses incurred as a result of assertions made due to the information contained within Sigma-L. This report is not intended to instruct investment or purchase of any financial instrument, derivative or asset connected to the information conveyed in the report. Trade and invest at your own risk.