Bitcoin: Hurst Cycles - 15th April 2022
We look at the move into the 40 day nominal low and a bullish FLD cascade forms above price
Components greater than and including the 18 month nominal cycle
Components less than and including the 18 month nominal cycle
Components around the 80 day nominal cycle
Bitcoin progressed in a slightly more bearish manner than anticipated at the last report on the 5th. This examined the move to the proposed 40 day nominal low:
At the short term the 80 day component is cycling with excellent periodicity and minimal frequency modulation. Price is likely either peaking from the first 80 day component in the current 40 week cycle or the first 40 day component.