Bitcoin approaches a 20 week nominal peak, a crucial point for the longer term phasing as it enters a fascinating 6 months ahead. We look at the long, medium and short term price action in this report
The bitcoin low on 10th March is pretty central between the 18M and likely 40W trough. It also fits well into Bitcoins traditional 20W cycle length of 116 days.
If this was the 20W low then we've already experienced a bullish move out of that trough. Just wondering why you've discarded this as a possible scenario?
Hi David. What is your thought on whether the 40wk nominal low came early and is now in? Thanks
Great work. This is beyond me ... so few subscribers with content of this quality.
ps - additionally bitcoin also found support at the 20W FLD at this point too, adding to the argument
The bitcoin low on 10th March is pretty central between the 18M and likely 40W trough. It also fits well into Bitcoins traditional 20W cycle length of 116 days.
If this was the 20W low then we've already experienced a bullish move out of that trough. Just wondering why you've discarded this as a possible scenario?