BTCUSD weekly chart with dynamic cycle oscillator.Indicator suggests a shift in cycle from down to up phase since late April. Those with bullish views on BTC can position themselves to go long using lower timeframes.
A brief description of the cycle oscillator:
1. The relative position within the cycle is derived from stochastic concepts.
2. Cycle period is calculated dynamically using autocorrelation (the relationship of a variable with lagged values of itself) Incidently, setting a long lookback period gives very similar results.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.