Cycle Trading

Bitcoin Formed a swing low on Wednesday.

Bitcoin printed its lowest point on Monday, day 22, placing it in the early part of its timing band for a DCL. Bitcoin is in the process of forming a swing low and breaking above the 10 day MA to signal day 22 as the DCL. Bitcoin is currently in a daily uptrend. A close above the 10 day MA will indicate a continuation of its daily uptrend and signal a cycle band buy signal — in which will would then label day 22 as an early DCL.