Bitcoin Update
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$BTC has an update that Id like to share with the community here.
The last trough of the 20 week cycle is probably in May at the low. Therefore it is best to take long trades should it gather momentum above last week’s prices. The 80 day VTL (downsloping) should provide the catalyst for the general market to understand what is happening. Only if volume comes in should the trader enter.
I dont think it is best to short the 20 day upsloping VTL here, if indeed the 20 week cycle has bottomed recently. It will keep the trade from working and at the very least chop against the trader.
The next peak of the 40 week cycle and by synchronicity, the 20 week and 80 day as well, as $BTC will become peak dominant once more for its trip lower into October 2022.
shown below:
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