Bitcoin (BTCUSD) - 4th November 2024 | @ 81 Days
'C' class signal detected in Bitcoin (BTC/USD). Running at an average wavelength of 81 days over 10 iterations since August 2022. Currently peaking
ΣL Cycle Summary
We have held off posting this component in Bitcoin for a few weeks due to another powerful feature around 120 days average wavelength and it’s influence on price. This competing signal is close enough to produce some modulation and reduce the quality of the 80 day signal, rendering it a ‘C’ class feature. It is likely that the true signal is in between these two components and the power band being split in this way is a result of amplitude modulation, recorded as an artifact in the time frequency analysis. We have included a screenshot of our new software and the calibration feature that demonstrates some simple amplitude modulation, paired with a frequency domain spectra.
At this point both of these components are peaking. We are more inclined to trust the phasing of the slightly shorter wave due to it’s historical accuracy over many years. There is also a correlation to the ubiquitous 80 day nominal wave in stock markets to consider.