You will come across specific terms in these notes (FLD, VTL, and so on). Rather than explain them each time, you will find definitions here: guidance notes for Hurst cycles terminology
Bitcoin – is the 20 week cycle peak in place?
Price has retreated sharply in more or less the precise timezone of a 20 week cycle peak, having made a weak test of the underside of the rising 20 day VTL. The 20 day FLD has been crossed down and the next 20 week cycle trough is due lower at the end of January. It is too soon to call a downside target, so we are simply posing the question as to whether the 20 week cycle has peaked. Note: it is feasible that the 40 day cycle trough has not occurred yet in which case price could be bouncing out of this shortly, but if the sell off continues, we will assume we are on the way down to the next 20 week cycle low.
This post was first published on Hurst Cycles Notes.
