Tag: Bitcoin

10/15/22 Weekly Re-Lay – “Bitcoin entered a ~2-week period when a new surge is likely – leading into an initial 2 – 4 week peak on Oct. 24 – 31, ’22.  Despite its recent sell-off, Bitcoin did not turn its intra-month trend down and could turn multiple indicators positive with a daily close above 20,480/BTZ.  Reinforcing this, Bitcoin broke (above) an important downtrend line on Sept 30 and […]

10/13/22 INSIIDE Track Update – “Bitcoin has just entered a ~2-week period when a new surge is more likely.  As discussed in July/Aug ’22, Bitcoin has a ~20-week low-low-low-high-high-high Cycle Progression that helped pinpoint the mid-Aug ’22 peak… an intervening high could be seen at the ~10-week point in late-Oct ‘22… As a result, a 2 – 4 week peak is most likely on Oct. 24 – 31, […]

10/13/22 INSIIDE Track Update – “Bitcoin has provided slow-but-steady signs of a bottom after completing the multi-week period (on Sept 23) when a 32 – 34-week low-low-low-(low) Cycle Progression – and a ~15-month low-low-low-(low) Cycle Progression – that was projected to time a multi-month bottom.  On multiple occasions, Bitcoin & Ether have tested and held synergistic support at 17,800 – 18,400/BT & 1180 – 1230/ETH – the ideal level for multi-month […]

10/12/22 Weekly Re-Lay Alert – “Bitcoin has slowly rallied after completing the multi-week period (on Sept 23) when a 32 – 34-week low-low-low-(low) Cycle Progression – and a ~15-month low-low-low-(low) Cycle Progression – was projected to time a multi-month bottom.  Bitcoin & Ether tested and held synergistic support at 17,800 – 18,400/BT & 1180 – 1230/ETH – the ideal level for multi-month bottoms. The action of the past month is another […]

10/08/22 Weekly Re-Lay – “Bitcoin has fulfilled the ongoing 6 – 12 month outlook for a plunge into Sept ’22 and has slowly rallied after completing a 32 – 34-week low-low-low-(low) Cycle Progression and a ~15-month low-low-low-(low) Cycle Progression – both of which bottomed in late-Sept.  However, it has not yet confirmed a bottom. In late-Sept, Bitcoin & Ether tested and repeatedly held synergistic support at 17,800 – […]

10/06/22 INSIIDE Track Update – “Bitcoin (& Ether) are in precarious positions after rebounding from major cycle lows but failing (so far) to signal reversals higher… It needs a daily close above that average (currently at ~20,261/BTZ) to complete that signal and likely trigger a quick surge into ~Oct 12/13 (as part of a larger, overall advance into late-Oct/early-Nov).” http://40yearcycle.com/uncategorized/bitcoin-late-oct-early-nov-22-multi-month-cycle-high-2/ http://40yearcycle.com/uncategorized/bitcoin-poised-for-pair-of-rallies-in-oct-overall-rally-into-late-oct-early-nov-22-likely/ 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/ […]

10/06/22 INSIIDE Track Update – “Bitcoin (& Ether) are in precarious positions after rebounding from major cycle lows but failing (so far) to signal reversals higher.  The daily trends, intra-month trends & daily 21 MACs place them in a make-or-break position where they must either rally and close at new 2 – 3 week highs… or see quick spikes lower below their Sept […]

09/30/22 INSIIDE Track – “Bitcoin spiked to new lows in Sept ’22, fulfilling its ~15-month Cycle Progression and providing the minimum necessary to fulfill what has been projected the past 10 months (an overall decline into Sept ’22). It is tracing out a bottom and could see a pair of rallies in Oct, potentially extending into Nov ’22.” Bitcoin has plummeted after fulfilling projections for […]

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 […]

09/28/22 Weekly Re-Lay Alert – “Though it is not a market that is regularly covered in our publications, Ether is providing some textbook examples of proper wave structure… in particular, the attributes of textbook corrective waves.  In many cases like this, I monitor markets like this (and similar structure in a host of blockchain-related stocks) as a proxy or a corroborating factor […]