GBTC printed its lowest point last Tuesday, following the day 5 high. Tuesday was day 19, placing GBTC in the early part of its timing band for a DCL. GBTC formed a swing low last week, then delivered bullish follow through on Monday by closing above the 50 day MA to confirm that day 19 was the DCL.
And it appears that a larger degree, intermediate bottom has formed.
GBTC printed its lowest point on week 38, to place it in its timing band for an ICL. While a weekly swing low did form, GBTC did not deliver any bullish follow through as it was contained by the 10 week MA — until Monday.
On Monday, GBTC broke bullishly above the 10 week MA and the 50 week MA so will will label week 38 as the ICL. Currently, GBTC is in a weekly downtrend. But a close back above the upper weekly cycle band.will end the weekly downtrend and begin a new weekly uptrend.
Cycle Trading 
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