Bitcoin & Ether Weekly Trends Portend Imminent Low; Sept 19 – 23 = Pivotal Week!
09/08/22 The Bridge – Crypto Currency War: Divergence – “Bitcoin is fulfilling its downside objectives and has entered the month that has been projected (since Nov ‘21) for its final low – September 2022!… it has spiked to new lows in Sept ’22 (below its July ’22 low) – initially fulfilling its ~15-month Cycle Progression…. a major, 1 – 2 year downside target has been reached… Bitcoin has fulfilled enough of what has been projected (downside) – for the past 6 – 9 months – to set a multi-month bottom…
In many (most) cases, the type of divergence being displayed between Bitcoin, Ethereum (and other cryptos), and related blockchain stocks is indicative of a multi-month transition point. As Bitcoin is spiking to a slight new low, each of those other markets is setting significantly higher secondary lows.
They have all displayed the same weekly trend pattern as well (reversing their weekly trend up, entering a textbook ‘reactive 2 – 3 week sell-off’, twice neutralizing their new weekly uptrends during that 2 – 3 week sell-off, and then bottoming and reversing higher before that weekly trend could turn down).
At the same time, Bitcoin was unable to reverse its weekly trend up – during its rally into mid-Aug ‘22 – reinforcing the likelihood for a final sell-off into Sept ‘22 – when a multi-month bottom has long been forecast. Now that it has (initially) fulfilled that, all of the cryptocurrency are in the ideal position to enter a more sustained rally.”
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 has been projected to plunge into Sept ’22 – when monthly cycles project the next major low. Weekly cycles corroborate that and project a multi-month bottom by Sept 23. The US Dollar could set an initial (1 – 2 month) peak in Sept ’22… while Bonds could set a 1 – 2 month bottom (peak in interest rates).
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.