Bitcoin/Crypto Rebound Recap; Rally into Late-Oct ’22 Projected.
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, ’22… and is more likely to be preceded by a moderately-sharp rally leading into that peak… a trio of bullish signals leading into the second half of October… All of this paved the way for a strong rally from Oct 13 into late-Oct ’22…”
http://40yearcycle.com/uncategorized/bitcoin-ether-project-rally-into-late-oct-22-cycle-high/
http://40yearcycle.com/uncategorized/bitcoin-late-oct-early-nov-22-multi-month-cycle-high/
http://40yearcycle.com/uncategorized/bitcoin-late-oct-early-nov-22-multi-month-cycle-high-2/
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 ’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 cryptocurrency for 1 – 2 years. A major 1 – 2 year downside target remains at ~13,800/BT.
Bitcoin was projected to plunge into (at least) Sept ’22 – when a multi-month low would be most likely. Since fulfilling that, Bitcoin & Ether have been forecast to see an overall rebound into late-Oct/early-Nov ’22 – when the next multi-month high is most likely.
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.