Name Symbol Market Market Cap ($) Algorithm
EOS EOSUSD Crypto 1,201,398,106 Not Mineable
  Price Change Price Change % Current Price Bid Price Offer
  0.010 0.92% 1.10 1.10 1.10
High Price Low Price Open Price Prev. Close 52 Week Range
1.11 1.08 1.09 1.09 0.790100 - 3.18
Exchange Last Trade Size Trade Price Currency
GDAX 08:52:16 453.60 1.10 USD
Price x Volume Volume Base Symbol Related Pairs
514,394.17 467,525.34 EOS EOSEUR EOSGBP EOSBTC

Bitcoin Price: Can Cyclical Tools Predict The Next Bubble? | BTCUSD November 7, 2022

07/11/2022 8:42pm


In this episode of NewsBTC’s daily technical analysis videos, we examine major Bitcoin price troughs with Hurst Cycle Theory and cyclical tools to consider if the bottom could be in and if another bubble is coming. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): November 7, 2022 In this video, we use Hurst Cycle Theory and its several key principles to go through the process of phasing out Bitcoin market cycles to predict when the cryptocurrency will begin to rise again. Cycle analysis consists of visual analysis, using a spectrogram, phasing the dominant cycle, phasing any internal wave harmonics, then completing the phasing process on the chart. Here is a closer look at that process: Related Reading: MATIC On The Move After Polygon Tapped By META | MATICUSD November 3, 2022 Bitcoin Cyclical Behavior Analyzed To assist with the visual analysis, each Bitcoin halving has been included. The halving has been a widely-discussed driver of internal supply and demand mechanics. We know that Bitcoin bottoms out visually prior to each halving. The log growth curve has also been included for visual assistance. The next step is to turn on a spectrogram. A spectrogram is a visual heatmap of the spectrum of frequencies of a signal as it varies with time. The more green heat, the stronger the bullish intensity. In contrast, the more purple heat on the map, the stronger the bearish intensity is and that’s where we would look for a cyclical bottom. Within each purple zone we would find our cyclical trough for dominant cycle phasing. Is a new Bitcoin cycle about to begin? | Source: BTCUSD on Related Reading: Litecoin Recovery To End Ongoing Crypto Darkness? LTCUSD November 2, 2022 Why This Bear Market Felt So Extreme The next step would be to confirm the dominant cycle by phasing out any harmonics. According to Hurst Cycle Theory, harmonics in cycles come in twos and threes. Essentially, from each major trough to trough, there should be one to two mid-cycle dips.  Not only does defining the mid-cycle harmonics assist in confirming dominant cycle phasing, but it does also help prove Hurst cycle theory to be accurate. Notice that cyclical troughs tend to bottom in tandem, while the principle of summation explains why the recent selloff felt so long and extreme – it was the sum of a larger composite wave and a smaller harmonic wave combined. Each correction was in near-perfect harmony | Source: BTCUSD on Related Reading: Bitcoin And The Dollar Reach Inverse Inflection Points | BTCUSD November 1, 2022 Why BTC Is Gearing Up For Another Bubble Cycle The final step is completing the phasing. For added confirmation, the Fisher Transform is used, which helps to pinpoint precise turning points in markets, as well as the Stochastic RSI. In this system, the Fisher Transform highlights the potential turning point, while the Stoch RSI rising from oversold levels confirms the new bull run. Is this the turning point in the bear market? | Source: BTCUSD on A Comparison With The Last Crypto Market Bottom Considering the potential of a bottom in this area, it is worth examining past bottom behavior. Comparing the current Adam and Eve bottom setup to the 2018 bear market bottom is strikingly similar, albeit on a much grander scale. When compared using the three-day timeframe and a set of three slow, moderate, and fast moving averages, the fractal could take Bitcoin price to around $100,000 per coin by the end of Q1 2023. Will BTC close 2022 headed towards new highs? | Source: BTCUSD on Learn crypto technical analysis yourself with the NewsBTC Trading Course. Click here to access the free educational program. Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from

1 Year EOS Chart

1 Year EOS Chart

1 Month EOS Chart

1 Month EOS Chart
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20230129 08:54:06