The status of the daily cycle is not clear.
Despite Thursday’s volatility, BTC remains in consolidation. A break below the day 22 low of 90730.54 will extend the daily cycle decline. BTC is currently in a daily uptrend. A close above the 100000 level will indicate a continuation of its daily uptrend and signal a cycle band buy signal — in which we will label day 22 as the DCL.
Of course, if you are like me — you could drill down to the 2 hour time frame. Here, we see that the consolidation morphed into a triangle consolidation. A breakout on the 2 hour chart could give us an early read for the longer timeframe.
Cycle Trading 
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