Reworked Cycle counts on Kaspa/USD chart
Using Fiance Camels "How to set up Cyvle count on a specific Asset", I reworked the Dailt (DCL) and Weekly (WCL) counts.
DCL form in 60 days (+/- 10%), and there are 5 DCL within the larger WCL (D/WCL-DCL-DCL-DCL-DD/Wcl)
WCLs are ~ 32 WKs (+/- 10%)
Kaspa is about mid-way through its current 60-day cycle. As it did not show particular strength after the last cycle low, I suspect it will chop around until the next daily cycle low (DCL), which should also be a Weekly Cycle Low (WCL).
To show that this year-long range has been an ACCUMULATION pattern rather than a DISTRIBUTION pattern, Kaspa has to stay above...
Kaspa is right in the timing window for a DCL (60-day cycle) ending Jan 9th. It has confirmed a break above the downward-sloping blue trendline.
It has either put in a DCL/WCL already or still has a few days.
(If it drops below 0.112450, the new DCL/WCL will be created).
This will be a good sentiment reset and allow for strength upcoming.
As always, BTC still...
