BTCUSD - Long term trend with mid term cycles
BTCUSD prices have been following a downward trend on a log scale since December. During this time, price has followed a mid-term cyclic trend. The time between these cycles have been increasing, although I would be surprised if the cyclic trend closely followed what I've written.
I expect BTCUSD prices to follow this trend until it can remain well above the trend for several days. When this trend breaks, I expect a new, long-term upward trend to appear
I expect BTCUSD prices to follow this trend until it can remain well above the trend for several days. When this trend breaks, I expect a new, long-term upward trend to appear
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