Cycle Trading

GBTC printed a bullish reversal on Tuesday.

Tuesday was day 49 for the daily cycle. That places GBTC deep in its timing band for a DCL. Tuesday’s bullish reversal eases the parameters for forming a swing low. A swing low and a close back above the 10 day MA will signal that day 49 hosted the DCL. Long positions could be entered on a swing low with stops being placed at the 50 day MA.