Bitcoin Time Cycles for January and February 2018
The contents of this report show the use of time cycles applied to price movements in Bitcoin, and what dates in the first two months of 2018 are of importance.
If you don’t want to read the report, but are interested in upcoming dates of significances, then here there are:
• You should see a rise into 1/26/18 +/- 1-day.
• There is a low predicted for 2/17/18. Due to the Bullish nature of the cryptocurrencies market, not all predicted lows actually saw a pull-back; although, most did. One thing that all the predicted lows had in common is a clear rise in price after the low past.
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To begin this study, let’s start with the time periods between highs made during the first 6 months of 2017.
The time periods are:
- 3/14/17 to 5/26/17
- 5/26/17 to 6/11/17
- 6/11/17 to 7/21/17
Now let’s look at the dates where these cycles cluster during the rest of the year.
There were 3 time periods where two of the cycles both had peaks within a few days of each other. All three periods are associated with a rally in price.
Also worth noting is the 4 and 5 time periods. We had some significant selling around both of these cycle dates.
Why didn’t we see highs forming at 4 and 5? Cycles often have what is called an inversion which means a cycle high is associated with a low in the price. This is true in all cycle analysis.
The chart below shows clusters between Oct 2017 and Feb 2018.
- There was rise in price here. With a short-term high.
- Another rise in price with an all-time high.
- This one is a bit special. Two cycles are falling on the same date.
Prediction: The week or two before 3 will see a raise in price. The date is January 26, 2018
Let’s look how cycle bottoms have worked to predict future moves. I would expect a bottom to form when these cycles cluster.
These are the cycles based on the bottoms below.
Clusters 1, 2, and 3 are associates with bottoms and then a move higher.
Cluster 4 did not see a clear bottom, but you can see we saw a small gyration.
All 4 clusters were followed be moves higher.
The cycles that make up cluster 1 are a bit too far apart to be classified as a cluster, but notice the first cycle was 1-day after the all time high, and the second cycle fell on the day of current low.
Cluster 2 is clearly a cluster. I expect a low to form here at 2/17/18. If the price rises into this time frame, I still expect it to move higher after the cluster.