Tag: Bitcoin

10/22/22 Weekly Re-Lay – “Bitcoin remains capable of seeing a new rally into late-Oct… A daily close above 19,750/BTZ is needed to validate that.  On an intermediate basis, it is likely to rally into Nov. 7 – 15 ’22 and peak one year from its Nov 8 – 12, ’21 high.  That is due to the web of 12, 20 & 32-week cycles (related by .618 & […]

10/22/22 Weekly Re-Lay – “Bitcoin remains capable of seeing a new rally into late-Oct as part of a larger advance.  A daily close above 19,750/BTZ is needed to validate that.  On an intermediate basis, it is likely to rally into Nov. 7 – 15 ’22 and peak one year from its Nov 8 – 12, ’21 high.  That is due to the web of 12, 20 & […]

10/19/22 Weekly Re-Lay Alert – “Bitcoin remains capable of seeing a new rally stretch into late-Oct.  A rally and daily close above 19,800/BTZ is needed to validate that scenario.” Bitcoin has plummeted after fulfilling projections for a 5th of 5th wave peak in Nov ‘21 – in sync with a ~4-Year low (2009) – high (Nov/Dec ’13) – high (Nov/Dec ’17) – high (Nov/Dec […]

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/ […]