Bitcoin: Hurst Cycles - 5th April 2022
Amplitude modulation obscures the 40 week nominal low, how the principle of commonality helps and the outlook for the next few weeks in the 'king of cryptocurrency'
Tools required: Nominal Model | FLD | FLD Trading Strategy | FLD Trading Strategy (Advanced) | Principle of Nominality | Underlying Trend
Phasing Analysis
Long Term
Components greater than and including the 18 month nominal cycle
Medium Term
Components less than and including the 18 month nominal cycle
Short Term
Components around the 80 day nominal cycle
Analysis Summary
In our last report into Bitcoin on the 2nd of March, we anticipated the incoming 40 week nominal low, clearly due around mid - late March with the 40 week FLD peak exactly above a potential price trough. What we actually got was a tremendous decrease in the amplitude of the 40 day component, resulting in a flat, tepid sideways move to what is now phased as the 40 week low mid March.
Keep reading with a 7-day free trial
Subscribe to Sigma-L to keep reading this post and get 7 days of free access to the full post archives.