Cycles by BTC, pullback depth, and the rule on single coins. 3 Oct 2026 late, Bangkok.
1) cycles2.txt: runs counted per BTC phase (bull = BTC low to BTC top, bear = top to next low), per basket, run = +30% ended by a 20% fall.
   Bull 1 (Mar 2020 to Nov 2021): 8.7 runs per basket, median 43 days, +87%; pullback after a run median -36%; 19 of 122 never beaten.
   Bull 2 (Nov 2022 to Oct 2025): 8.5 runs per basket, median 18 days, +60%; pullback median -42%; 39 of 110 never beaten.
   Basket tops: Bull 1 mostly Apr to May 2021 and Nov 2021; Bull 2 Jun 2024, Nov 2024 to Jan 2025, a few Jul and Oct 2025.
2) study_*.txt top: pullback depth in the BTC bull phase, coins (point in time basket members) vs baskets.
   2023-25 coins median -47%, 44% deeper than -50%; ones that later made a new high median -37%, 81% gave back 61.8%+ of the run.
3) study_*.txt rest: rule v4.7 run on each coin with its own signals (book of 5 coins) vs baskets (book of 3). 2023-26 coins -47% (worst -80%)
   vs baskets +1257%; 2020-22 coins +1721% vs baskets +917%. Wider trails and longer lows did not rescue coins in 2023-26.
4) study2_*.txt: basket signal, coin execution (buy coins of a basket when the basket BUYs, sell when the basket SELLs).
   2023-26: all coins equal +1270% (worst -35%), 3 strongest by 7d +1342% (-44%), 1 strongest by 30d +1295% (-81%).