ΣL Cycle Summary
This component has likely peaked within the last couple of weeks as we catch it’s phase in the hard down status. There is a longer wave which has also peaked mid-late December, around the 170 day wavelength mark and which we retired last year due to a lack of amplitude. This longer signal will be evaluated again in full around it’s next trough (mid February - early March) but we have included a time frequency analysis of it below for subscribers. The shorter wave detailed here has it’s next low due mid-late February, this will likely co-incide with the 170 day wave trough, forming a phase cluster, or, as Hurst may have simply indicated, a synchronised trough. Amongst the composite, which has very minimal variance over major currencies, BTCEUR outperformed.
Trade Update
See also: Live ΣL Portfolio & History
Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous post for this instrument, linked below.
Type: Early Buy - ΣL Bitcoin Composite 27th November 2023
Entry: 27th November, 2023
Exit: 26th January, 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 (9.09%)
BTCUSD (7.87%)
BTCGBP (7.21%)
Composite Average Gain:
8.06%
Current Signal Status
Defining characteristics of the component detected over the sample period.
Detected Signal Class: B - learn more
Average Wavelength: 86.76 Days
Completed Iterations: 11