Sigma-L - Market Cycles

Sigma-L - Market Cycles

Share this post

Sigma-L - Market Cycles
Sigma-L - Market Cycles
Bitcoin: Hurst Cycles - 30th June 2022
Copy link
Facebook
Email
Notes
More
Cryptocurrency

Bitcoin: Hurst Cycles - 30th June 2022

Main cryptocurrency collapses after sideways grind in early June. The majority of downside is now complete in the 18 month component. We look at the final stages and what is to come for crypto bulls

David F's avatar
David F
Jun 30, 2022
∙ Paid
2

Share this post

Sigma-L - Market Cycles
Sigma-L - Market Cycles
Bitcoin: Hurst Cycles - 30th June 2022
Copy link
Facebook
Email
Notes
More
2
Share

Tools required: Nominal Model | FLD | FLD Trading Strategy | FLD Trading Strategy (Advanced) | Principle of Nominality | Underlying Trend

Analysis Summary

Price meandered sideways throughout late May and early June, outlined in the last report and indicative of further bearish price action to come. Once price had reached the 80 day FLD resistance around the 10th June an epic collapse ensued, approaching the aforementioned 18 month FLD target of 17507. More on that below in the trading strategy section.

The move down in this 18 month component is therefore, largely complete from a cyclical perspective. Any further moves past 17507 will imply a bearish underlying trend above the 18 month degree. The 18 month FLD peak (yellow on long term chart below) is directly above price here but we should expect a right translated trough in price, given the underlying bearish trend.

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 Sigma-L
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More