Multiple uptrend confirmation (VTL, phasing, FLD)
Bitcoin price have just brought us a massive confirmation about concluding the first nominal 40W cycle after a major nest of lows that we had in the fall 2022.
Phasing analysis suggested us to wait for this cycle conclusion, that is bringing us now to the deciding phase of the first half of the major 36 month wave.
You can see on the picture that the Valid Trend Line Has been broken too, giving the second confirmation.
The last to check regarding Hurst theoy is the Future Line of Demarcation (moving average moved forward in time for the half length of the anylised wave).
As we clearly see - FLD was broken the same day.
Here comes the last part of Hurst's approach which says, that once the FLD is broken, it will get higher to the point same distance from the line of breaking as the last low.
You can see the prediction on the following picture:
https://www.tradingview.com/x/SwJofGqm/
Phasing analysis suggested us to wait for this cycle conclusion, that is bringing us now to the deciding phase of the first half of the major 36 month wave.
You can see on the picture that the Valid Trend Line Has been broken too, giving the second confirmation.
The last to check regarding Hurst theoy is the Future Line of Demarcation (moving average moved forward in time for the half length of the anylised wave).
As we clearly see - FLD was broken the same day.
Here comes the last part of Hurst's approach which says, that once the FLD is broken, it will get higher to the point same distance from the line of breaking as the last low.
You can see the prediction on the following picture:
https://www.tradingview.com/x/SwJofGqm/
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