Bitcoin formed a bearish reversal on Thursday, clarifying its cycle count.
Earlier in the week it looked as if Bitcoin was forming a triangle consolidation. Thursday’s bearish reversal, along with the bearish divergence on the oscillators, indicate a failed breakout is unfolding. That makes Thursday, day 31, placing Bitcoin in its timing band for a daily cycle low. A close below the 10 day MA will signal the daily cycle decline. Bitcoin is currently in a daily uptrend. Bitcoin will remain in its daily uptrend unless it closes below the lower daily cycle band.
Cycle Trading 
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