Bitcoin Bottoming Recap; Ether Projects ‘c’ Wave Rally into late-Oct/early-Nov ‘22.
09/28/22 Weekly Re-Lay Alert – “Ether is providing some textbook examples of proper wave structure… in particular, the attributes of textbook corrective waves… And, if Ether holds 1 – 2 month support (1180 – 1230/ ETH), a larger-degree upward ‘a-b-c’ wave – where the June – Aug rally was ‘a’ and the subsequent decline into late-Sept was ‘b’ – would target the ‘c’ wave advance to reach ~xxxx/ETH…”
http://40yearcycle.com/uncategorized/ether-leading-bitcoin-reversal-rally-into-early-nov-22-likely/
http://40yearcycle.com/uncategorized/bitcoin-rally-into-early-nov-22-projected/
http://40yearcycle.com/uncategorized/bitcoin-ether-poised-for-lows-rebound-into-early-nov-22/
http://40yearcycle.com/uncategorized/bitcoin-18000-bt-support-holding/
Bitcoin, in Nov ’21, fulfilled projections for a 5th of 5th wave peak in sync with a ~4-Year low (2009) – high (Nov/Dec ’13) – high (Nov/Dec ’17) – high (Nov/Dec ’21 Major Top) Cycle Progression. That also fulfilled the multi-year outlook for a major advance into 2021 when Currency War Cycles culminated and when the US Dollar would begin to rally and suppress the Crypto market.
Since then, Bitcoin was projected to plunge into Sept ’22 – when the next multi-month low was expected. Critical support near 18,000/BT is holding and could spur a 1 – 2 month rebound into early-Nov ’22 – when the next multi-month high is most likely. Major 1 – 2 year downside target remains at ~13,800/BT.
How Long Should Sept ’22 Cycle Low Hold?
Why is Early-Nov ’22 Decisive Time for Cryptos??
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.