Long

Turbo Breakout and Upcoming Cycle Low Strategy

Updated

Turbo has broken out of its narrowing wedge and most likely flipped it into support. This could be a breakout-retest-resumption, but its next cycle low is coming up quickly around October 4th. I have a feeling the cycle low will extend to October 6th to sync up with BTC and stocks. I’ve made my core allocations, and my strategy is to add exposure during the next cycle low, between October 4-6 (though it could happen a few days before or after). It should be easy to identify when you see a price drop—unless there's a very big rally, in which case the dip will be harder to spot. Another buying opportunity will arise around November 9, with a 3-4 day window on either side.

Looking forward to seeing what Turbo can deliver.

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Price is starting to fall as predicted. Preparing to add exposure by the end of this week.

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We saw a significant drop, earlier than expected. I believed Turbo’s cycle low would extend until the 6th, but it seems the Iran missile attack has acted as a catalyst for this cycle low.

For me, this means I will start dollar-cost averaging (DCA) into Turbo from now until the 6th. This approach will help ensure I capture the average price during this cycle low.

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Today, Turbo saw a counter-bounce. I believe we might experience more volatility before confirming the daily cycle low (DCL) on October 3rd. If we stay above $0.0047 until Tuesday, October 8th, we can confirm the low, although another dip is still possible. The last DCL, which lasted until yesterday (not confirmed), was 29 days long—unusually long for Turbo, which typically has cycles shorter than 25 days. This suggests that October 3rd marked the low.

This view is also supported by Total 10/Others and Total 3, both of which are breaking out in value and RSI. Another point in favor of Turbo is that after the major breakout in May, there were several left-translated daily cycles, but the two most recent cycles have both been right-translated, suggesting a bullish trend.

If we can confirm the DCL early next week, there’s significant confluence for a strong push toward the next DCL in early November. If this DCL arrives a few days early, it could indicate that the next DCL will come before November 9th—possibly as early as November 3rd.

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Good green candles on low volume. My guess is that the DCL is confirmed for October 3rd. Today looks green so far, and it's unlikely for such steep flushes this late in the timing band.

I have been DCA-ing into alts, will add some more today, and save the rest for the next DCL towards the end of October (slightly earlier than first expected on October 9)

martinxi5u4

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