
BTC formed a swing low on Monday.

BTC printed its lowest point on day 54, placing it deep in its timing band for a DCL. BTC has since been consolidating — until Sunday. BTC broke bullishly out of consolidation on Sunday to close above the 10 day MA. So, Monday’s swing low signals the new daily cycle. BTC is currently in a daily downtrend. BTC will remain in its daily downtrend unless it closes above the upper daily cycle band.
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