BTC broke bullishly out of its triangle consolidation on Monday. However, it did not deliver bullish follow through on Tuesday.
BTC formed a swing high on Tuesday and was below the upper stem at the time of this post, negating Monday’s breakout. It is possible that BTC was backtesting the 10 day MA. With BTC is in a daily uptrend, a swing low and a close back above the upper stem would indicate a continuation of its daily uptrend and signal a cycle band buy signal. But if BTC delivers bearish follow through and closes below the lower stem, that would signal the daily cycle decline.
Cycle Trading 
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