Bitcoin Completing Projected Plunge into Sept ’22 Cycle Low!
08/31/22 INSIIDE Track – “Bitcoin… sold off after peaking on Aug 15/16 while fulfilling a 20-week low-low-high-high-(high) Cycle Progression. At the very least, it needs to spike to new lows in Sept ’22 in order to fulfill its ~15-month Cycle Progression.”
Bitcoin, in Nov ’21, fulfilled what its monthly and weekly trend indicators projected and what its overall wave structure necessitated – a surge to new all-time highs (~66,000+/BT) ushering in a major top in late-Oct/early-Nov ‘21. That also fulfilled the multi-year outlook for a major advance into 2021 when Currency War Cycles culminated.
Since then, Bitcoin has been projected to plunge into Sept ’22 – when monthly cycles project the next major low. It has now reached that objective and is poised to set a decisive bottom and enter a sharp rally.
What does this mean for the future of cryptos?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.