Bitcoin became stretched above the 10 day MA last week. Bitcoin had been consolidating over the past week, which allowed the 10 day MA to catch up to price. Bitcoin broke bearishly out of consolidation on Wednesday to close below the 10 day MA.
Bitcoin formed a swing low on Thursday and is in the process of breaking back above the 10 day MA. Bitcoin is currently in a daily uptrend. If Bitcoin can close back above the 10 day MA that will indicate a continuation of its daily uptrend and signal a cycle band buy signal.
Cycle Trading 
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