We discussed that BTC gave a buy signal on January 29th. BTC delivered bullish follow through on Thursday.
BTC had been consolidating around the 50 day MA — until Wednesday. BTC broke bullishly out of consolidation on Wednesday then delivered bullish follow through on Thursday. The new high on day 16 begins to shift the odds toward a right translated daily cycle formation. BTC closed above the upper daily cycle band. on Wednesday. Closing above the upper daily cycle band ends the daily downtrend and begins a daily uptrend. A close above the upper daily cycle band will also indicates that the intermediate cycle low has been set.
Cycle Trading 
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