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Cycle Trading

Bitcoin Breakout

BTC had been consolidating above the 50 day MA — until Monday.

BTC broke bullishly out of consolidation on Monday. BTC is currently in a daily uptrend. Breaking bullishly out of consolidation indicates a continuation of its daily uptrend and signals a cycle band buy signal.

2 responses to “Bitcoin Breakout”

  1. ilinca Popovici Avatar
    ilinca Popovici

    Did BTC put an ICL on May 1 or merely a DCL? Thank you for your work!

    Reply
    1. likesmoneystudies Avatar
      likesmoneystudies

      It looks more and more like an ICL

      Reply

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