Bitcoin printed its lowest point on day 22, placing it in the early part of its timing band for a DCL. Bitcoin formed a swing low last Wednesday that closed back above the 10 day MA to signal day 22 as an early DCL. Then Bitcoin closed below the 10 day MA on Monday, calling into question if day 22 was the DCL.
Bitcoin is in the process of forming a triangle consolidation. The cycle low often migrates to the apex of the triangle during a triangle consolidation. Bitcoin is currently in a daily uptrend. A bullish break out of consolidation will indicate a continuation of its daily uptrend and signal a cycle band buy signal — in which we will label day 29 as the DCL.
Cycle Trading 
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