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The FFT of Bitcoin price residuals after detrending with the power law. There is a very strong peak around f = 3.21 cycles per log10 decade. (Red dashed vertical line).That is identical to ω = 8.75 in angular frequency and λ = 2.05 for the logarithmic spacing, Bitcoin’s log periodicity. Subsidiary peaks are close to the first several harmonics. Cycles stretch out by a factor of ~2 subject to fundamental and harmonic phases.
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The FFT of Bitcoin price residuals after detrending with the power law. There is a very strong peak around f = 3.21 cycles per log10 decade. (Red dashed vertical line).That is identical to ω = 8.75 in angular frequency and λ = 2.05 for the logarithmic spacing, Bitcoin’s log periodicity. Subsidiary peaks are close to the first several harmonics. Cycles stretch out by a factor of ~2 subject to fundamental and harmonic phases.
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x.commoneyordebt ∞/21M
JUST IN: 🇺🇸 US Senator Cynthia Lummis announces Bitcoin and crypto market structure legislation will get marked up "in May." 👀"We are gonna get it to the finish line." 🚀
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JUST IN: 🇺🇸 US Senator Cynthia Lummis announces Bitcoin and crypto market structure legislation will get marked up "in May." 👀"We are gonna get it to the finish line." 🚀
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BITCOIN'S 0.382 FIB ALWAYS LEADS TO THE SAME THING.50% dump from the 0.382 fib level. Every cycle.2014: -51%. 2018: -46%. 2022: -55%.2026 fib level: $90K. -50% = $45K.$78K is the last line.Lose it: three cycles say $45K is next.Hold it: this time is different.
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THE BEAR MARKET TREND HAS REJECTED BITCOIN TWICE.October: Rejected at $94K. Dumped.April: Rejected at $78K. Now.Same line. Same result. Both times.$82K is where the trend breaks.$75K is where the dump resumes.The line has been perfect. Until it breaks, bears are in control.
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