BTC printed its lowest point on day 34, placing it in its timing band for a DCL.
Bitcoin formed a swing low and closed above the 10 day MA on Friday to signal the new daily cycle. Bitcoin delivered bullish follow through on Monday by breaking convincingly above the 200 day MA. Bitcoin is currently in a daily uptrend. A close above 200 day MA will indicates continuation of its daily uptrend and signal a cycle band buy signal.
We now turn our attention to the multi-month cup and handle pattern. A bullish break out should send Bitcoin on an epic rally.
Cycle Trading 
Leave a comment