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 – rallying in new 40 day cycle.
Looking up towards 20 and then 40 day cycle peaks
The big low in mid June was a 40 week cycle trough, which has a lot of power behind it. Price rallied steeply into mid July and has been ambling lower in a consolidation since then. In the last note we called for a 40 day cycle trough and this looks to be in place, which means that a new 40 day cycle is rising. We are clearing the 20 day FLD now and looking for a cross up of the 40 day FLD shortly. The upside projection boxes for both peaks are marked on the chart.
This post was published on Hurst Cycles Notes.
